https://www.taxtmi.com/highlights?id=19859 Additions in the hands of purchaser (Assessee) – It is a common practice that the property is registered on the circle rate and remaining money is paid as “on-money“ - in the absence of any evidence/document, it cannot be applied by closing of the eye - There must be evidence on record to prove that “on-money“ was received from the assessees - HC en-us Sat, 30 Aug 2014 17:35:46 +0530 Sat, 30 Aug 2014 17:35:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=19859 Additions in the hands of purchaser (Assessee) – It is a common practice that the property is registered on the circle rate and remaining money is paid as “on-money“ - in the absence of any evidence/document, it cannot be applied by closing of the eye - There must be evidence on record to prove that “on-money“ was received from the assessees - HC Highlights Income Tax Sat, 30 Aug 2014 17:35:46 +0530 https://www.taxtmi.com/highlights?id=19859