Browsing Tag

on-money addition

2 posts
Builder’s partners admitted receiving cash on-money. Homebuyer denied it and sought cross-examination. ITAT deletes entire ₹25 lakh addition.

Builder Admitted Taking Cash, Homebuyer Denied It & Won: ITAT Deletes ₹25 Lakh Addition

Builder’s partners admitted receiving cash on-money. Homebuyer denied it and sought cross-examination. ITAT deletes entire ₹25 lakh addition.
ITAT rules that mere mention of buyer’s name in builder’s seized Excel sheet is not enough to prove on-money payment and sustain addition. Addition of ₹25 lakh deleted.

Buyer’s Name in Builder’s Sheet Not Enough to Prove Cash Payment

ITAT rules that mere mention of buyer’s name in builder’s seized Excel sheet is not enough to prove on-money payment and sustain addition. Addition of ₹25 lakh deleted.