https://www.taxtmi.com/caselaws?id=353920 The Tribunal upheld the AO's findings that the assessee received 'on money' for the sale of flats in various projects, adding these amounts to the assessee's income for the relevant assessment years. The Tribunal rejected the assessee's argument to tax only the net profit element, stating that the entire amount of 'on money' should be included in the income as the assessee failed to prove any related expenditure. The appeals for all assessment years were dismissed, and the order was pronounced on 03rd November 2017. en-us Fri, 03 Nov 2017 00:00:00 +0530 Mon, 15 Jan 2018 07:43:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353920 The Tribunal upheld the AO's findings that the assessee received 'on money' for the sale of flats in various projects, adding these amounts to the assessee's income for the relevant assessment years. The Tribunal rejected the assessee's argument to tax only the net profit element, stating that the entire amount of 'on money' should be included in the income as the assessee failed to prove any related expenditure. The appeals for all assessment years were dismissed, and the order was pronounced on 03rd November 2017. Case-Laws Income Tax Fri, 03 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353920