https://www.taxtmi.com/caselaws?id=801770 Reassessment under Sections 147 and 148 may be initiated on information indicating escaped income, with the approval required under Section 151; proceedings under Section 153A are not mandatory without an Income-tax Department search or requisition. Cash found in possession may be explained through an unregistered land-sale agreement when subsequent registered sale deeds, purchaser statements and related payments corroborate the transaction. Jewellery and silver holdings may be assessed against reasonable family-holding benchmarks recognised in CBDT Instruction No. 1916, considering customary acquisition and unavailable historic records. Cheque receipts from verified land purchasers following registered sale deeds are not unexplained money where the transaction, identity and source are undisputed. en-us Mon, 21 Sep 2026 00:00:00 +0530 Tue, 27 Oct 2026 08:33:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801770 Reassessment under Sections 147 and 148 may be initiated on information indicating escaped income, with the approval required under Section 151; proceedings under Section 153A are not mandatory without an Income-tax Department search or requisition. Cash found in possession may be explained through an unregistered land-sale agreement when subsequent registered sale deeds, purchaser statements and related payments corroborate the transaction. Jewellery and silver holdings may be assessed against reasonable family-holding benchmarks recognised in CBDT Instruction No. 1916, considering customary acquisition and unavailable historic records. Cheque receipts from verified land purchasers following registered sale deeds are not unexplained money where the transaction, identity and source are undisputed. Case-Laws Income Tax Mon, 21 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801770