https://www.taxtmi.com/caselaws?id=178719 The High Court of Bombay upheld the Tribunal's decision regarding the assessment year 2009-10, affirming that unaccounted cash receipts of u/s 71,67,000/- were part of the sale consideration for flats sold by the assessee and should be taxed in the year of recording the sale. The revenue's appeal contending for taxation in the year of receipt was dismissed as the Tribunal found the cash entries were directly linked to the sale of flats. The High Court declined to entertain the proposed question of law, and the appeal was dismissed with no order as to costs. en-us Mon, 25 Feb 2013 00:00:00 +0530 Thu, 11 Feb 2016 14:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178719 The High Court of Bombay upheld the Tribunal's decision regarding the assessment year 2009-10, affirming that unaccounted cash receipts of u/s 71,67,000/- were part of the sale consideration for flats sold by the assessee and should be taxed in the year of recording the sale. The revenue's appeal contending for taxation in the year of receipt was dismissed as the Tribunal found the cash entries were directly linked to the sale of flats. The High Court declined to entertain the proposed question of law, and the appeal was dismissed with no order as to costs. Case-Laws Income Tax Mon, 25 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178719