https://www.taxtmi.com/caselaws?id=179568 The Tribunal upheld the Ld CIT(A)'s decision to delete the addition of unrecorded cash receipts, directing the AO to consider them as part of the sale consideration for flats sold by the assessee. The unrecorded amount was admitted by the Company's Director as unaccounted sale receipts, leading to taxation in the year of sale of the flats. The Tribunal affirmed that the nature of the receipts constituted part of the sale consideration, as per previous decisions, resulting in the dismissal of the revenue's appeal. en-us Tue, 31 Jul 2012 00:00:00 +0530 Fri, 04 Mar 2016 12:30:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179568 The Tribunal upheld the Ld CIT(A)'s decision to delete the addition of unrecorded cash receipts, directing the AO to consider them as part of the sale consideration for flats sold by the assessee. The unrecorded amount was admitted by the Company's Director as unaccounted sale receipts, leading to taxation in the year of sale of the flats. The Tribunal affirmed that the nature of the receipts constituted part of the sale consideration, as per previous decisions, resulting in the dismissal of the revenue's appeal. Case-Laws Income Tax Tue, 31 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179568