https://www.taxtmi.com/caselaws?id=342120 Receipts from the Manav Row House real-estate project were not taxed as the entire alleged undisclosed income because the record did not establish that the full consideration had in fact been received outside the books. The Tribunal applied the principle that, in construction or property activities, only the income element is taxable and the profit may be estimated where unaccounted receipts are alleged. On that basis, the addition of the whole amount was rejected and the relief granted by the CIT(A) was upheld. en-us Mon, 05 Dec 2016 00:00:00 +0530 Thu, 27 Apr 2017 06:54:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342120 Receipts from the Manav Row House real-estate project were not taxed as the entire alleged undisclosed income because the record did not establish that the full consideration had in fact been received outside the books. The Tribunal applied the principle that, in construction or property activities, only the income element is taxable and the profit may be estimated where unaccounted receipts are alleged. On that basis, the addition of the whole amount was rejected and the relief granted by the CIT(A) was upheld. Case-Laws Income Tax Mon, 05 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342120