https://www.taxtmi.com/caselaws?id=221145 The Court ruled that the income derived from a real estate transaction by the assessees should be considered as their income for tax purposes. The Court found that a portion of the transaction was completed, resulting in income for the assessees. However, the additional sum claimed to have been paid was not supported by sufficient evidence. As a result, the Court allowed the appeals in part, favoring both the revenue and the assessees on different aspects of the case. en-us Tue, 14 Aug 2012 00:00:00 +0530 Mon, 25 Feb 2013 10:10:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221145 The Court ruled that the income derived from a real estate transaction by the assessees should be considered as their income for tax purposes. The Court found that a portion of the transaction was completed, resulting in income for the assessees. However, the additional sum claimed to have been paid was not supported by sufficient evidence. As a result, the Court allowed the appeals in part, favoring both the revenue and the assessees on different aspects of the case. Case-Laws Income Tax Tue, 14 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221145