https://www.taxtmi.com/caselaws?id=213347 In income-tax proceedings, the consideration stated in a duly executed sale deed cannot be displaced by a retracted oral statement recorded during survey unless the revenue proves understatement with cogent corroborative evidence. The burden to establish receipt of any amount over and above the written consideration rests on the revenue, and uncorroborated oral evidence cannot override the best evidence contained in the conveyance. Applied to the facts, the absence of credible supporting material meant the addition could not be sustained, and reliance was placed on the documentary record rather than the retracted statement. en-us Fri, 27 Apr 2012 00:00:00 +0530 Sat, 19 May 2012 08:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213347 In income-tax proceedings, the consideration stated in a duly executed sale deed cannot be displaced by a retracted oral statement recorded during survey unless the revenue proves understatement with cogent corroborative evidence. The burden to establish receipt of any amount over and above the written consideration rests on the revenue, and uncorroborated oral evidence cannot override the best evidence contained in the conveyance. Applied to the facts, the absence of credible supporting material meant the addition could not be sustained, and reliance was placed on the documentary record rather than the retracted statement. Case-Laws Income Tax Fri, 27 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213347