https://www.taxtmi.com/caselaws?id=183952 The Tribunal ruled in favor of deleting the addition made by the Assessing Officer under section 69 of the Income Tax Act for 'on-money' payment collected by a builder. The decision emphasized the necessity of concrete evidence in tax assessments and highlighted that additions cannot be based solely on probabilities. The Tribunal found no grounds for interference with the findings of fact regarding the payment of 'on-money,' leading to the dismissal of the appeal at the admission stage without any substantial question of law arising. en-us Wed, 02 Aug 2006 00:00:00 +0530 Mon, 27 Jun 2016 11:36:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183952 The Tribunal ruled in favor of deleting the addition made by the Assessing Officer under section 69 of the Income Tax Act for 'on-money' payment collected by a builder. The decision emphasized the necessity of concrete evidence in tax assessments and highlighted that additions cannot be based solely on probabilities. The Tribunal found no grounds for interference with the findings of fact regarding the payment of 'on-money,' leading to the dismissal of the appeal at the admission stage without any substantial question of law arising. Case-Laws Income Tax Wed, 02 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183952