https://www.taxtmi.com/caselaws?id=269816 Receipt described as rent was held not to be rental income where the modified tenancy arrangement made payment contingent on completion of construction and refundable on default; on the surrounding facts, it retained the character of an advance and the addition was deleted. Fresh share capital was also not treated as unexplained cash credit because additional evidence was admitted with remand, the Assessing Officer verified the documents and shareholder notices, and the share application money was explained; no breach of Rule 46A was found and the section 68 addition failed. en-us Wed, 16 Dec 2015 00:00:00 +0530 Tue, 22 Dec 2015 06:10:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269816 Receipt described as rent was held not to be rental income where the modified tenancy arrangement made payment contingent on completion of construction and refundable on default; on the surrounding facts, it retained the character of an advance and the addition was deleted. Fresh share capital was also not treated as unexplained cash credit because additional evidence was admitted with remand, the Assessing Officer verified the documents and shareholder notices, and the share application money was explained; no breach of Rule 46A was found and the section 68 addition failed. Case-Laws Income Tax Wed, 16 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269816