https://www.taxtmi.com/caselaws?id=800595 Tax additions for alleged unexplained loans, receipts, interest income, and unaccounted flat-sale consideration require reliable evidence linking the assessee to actual unrecorded transactions. Third-party electronic records engage statutory possession presumptions only against the person from whom recovered and cannot be used against another person without an independently established nexus; denial of cross-examination and retracted, uncorroborated statements weaken their evidentiary value. A foundational unrecorded investment or actual interest accrual must be proved before income is assessed. Median-rate estimates and project-wide extrapolation cannot replace recorded sale consideration where books remain unrejected and no buyer-specific evidence, unaccounted cash, or corroborative transaction records establish cash receipts. en-us Mon, 28 Sep 2026 00:00:00 +0530 Thu, 08 Oct 2026 08:45:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800595 Tax additions for alleged unexplained loans, receipts, interest income, and unaccounted flat-sale consideration require reliable evidence linking the assessee to actual unrecorded transactions. Third-party electronic records engage statutory possession presumptions only against the person from whom recovered and cannot be used against another person without an independently established nexus; denial of cross-examination and retracted, uncorroborated statements weaken their evidentiary value. A foundational unrecorded investment or actual interest accrual must be proved before income is assessed. Median-rate estimates and project-wide extrapolation cannot replace recorded sale consideration where books remain unrejected and no buyer-specific evidence, unaccounted cash, or corroborative transaction records establish cash receipts. Case-Laws Income Tax Mon, 28 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800595