https://www.taxtmi.com/caselaws?id=800112 Section 69A requires reliable proof that the assessee owned or received the precise sum in the relevant previous year and that its nature and source remained unexplained. The cheque advance received during property-transfer negotiations had an identified payer, banking trail and established character, so it was not unexplained money; any retained advance required consideration under section 51 in the relevant year. The alleged cash consideration lacked proof of delivery or receipt, while the agreement, broker statements and electronic communications were inconsistent or uncorroborated. The cash amount was therefore not assessable as unexplained money. Both additions were deleted. en-us Mon, 28 Sep 2026 00:00:00 +0530 Thu, 01 Oct 2026 07:40:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800112 Section 69A requires reliable proof that the assessee owned or received the precise sum in the relevant previous year and that its nature and source remained unexplained. The cheque advance received during property-transfer negotiations had an identified payer, banking trail and established character, so it was not unexplained money; any retained advance required consideration under section 51 in the relevant year. The alleged cash consideration lacked proof of delivery or receipt, while the agreement, broker statements and electronic communications were inconsistent or uncorroborated. The cash amount was therefore not assessable as unexplained money. Both additions were deleted. Case-Laws Income Tax Mon, 28 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800112