https://www.taxtmi.com/caselaws?id=799657 Alleged unaccounted cash consideration on a property sale cannot be sustained solely on a third party's inconsistent statement and WhatsApp chats recovered from that third party, where the registered sale deed records consideration received through banking channels and no buyer inquiry, reconciliation, or independent evidence establishes cash payment. The rebuttable presumptions under Sections 132(4A) and 292C apply against the person from whose possession the material is found, not against a third-party assessee without corroboration. The addition for alleged cash consideration was deleted. en-us Wed, 08 Jul 2026 00:00:00 +0530 Fri, 25 Sep 2026 08:16:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799657 Alleged unaccounted cash consideration on a property sale cannot be sustained solely on a third party's inconsistent statement and WhatsApp chats recovered from that third party, where the registered sale deed records consideration received through banking channels and no buyer inquiry, reconciliation, or independent evidence establishes cash payment. The rebuttable presumptions under Sections 132(4A) and 292C apply against the person from whose possession the material is found, not against a third-party assessee without corroboration. The addition for alleged cash consideration was deleted. Case-Laws Income Tax Wed, 08 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799657