https://www.taxtmi.com/caselaws?id=272307 The Tribunal found that the addition of Rs. 40,00,000/- by the Assessing Officer based on a diary entry was not justified due to lack of corroborative evidence and discrepancies. The Tribunal ruled that even if cash was received, it should be taxed in the year the sale was booked. Consequently, the addition was directed to be deleted, and the appeal was allowed. en-us Fri, 12 Feb 2016 00:00:00 +0530 Mon, 06 Feb 2017 14:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272307 The Tribunal found that the addition of Rs. 40,00,000/- by the Assessing Officer based on a diary entry was not justified due to lack of corroborative evidence and discrepancies. The Tribunal ruled that even if cash was received, it should be taxed in the year the sale was booked. Consequently, the addition was directed to be deleted, and the appeal was allowed. Case-Laws Income Tax Fri, 12 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272307