Court Rejects Unsubstantiated Profit Addition on Flat Sales Due to Lack of Evidence Against Taxpayer's Position. https://www.taxtmi.com/highlights?id=26838 Addition as unrecorded profit on sale of flats - there was no factual or legal basis to contemplate any notional or hypothetical sale consideration in the absence of any specific evidence or material in the possession of the AO to counter the stand of the assessee - AT en-us Fri, 08 Jan 2016 12:55:46 +0530 Fri, 08 Jan 2016 12:55:46 +0530 TaxTMI RSS Generator Court Rejects Unsubstantiated Profit Addition on Flat Sales Due to Lack of Evidence Against Taxpayer's Position. https://www.taxtmi.com/highlights?id=26838 Addition as unrecorded profit on sale of flats - there was no factual or legal basis to contemplate any notional or hypothetical sale consideration in the absence of any specific evidence or material in the possession of the AO to counter the stand of the assessee - AT Highlights Income Tax Fri, 08 Jan 2016 12:55:46 +0530 https://www.taxtmi.com/highlights?id=26838