https://www.taxtmi.com/caselaws?id=385214 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision to confirm additions under section 69B of the Income Tax Act for unaccounted cash expenditure related to on-money payments in land transactions. The appeals by the assessee were dismissed due to insufficient evidence disproving the allegations, including seized documents and unrebutted witness statements. The Tribunal found the Commissioner's orders valid for both assessment years, emphasizing the involvement of on-money payments in land purchases from the Tapadia family. en-us Wed, 10 Jul 2019 00:00:00 +0530 Sat, 31 Aug 2019 09:01:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385214 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision to confirm additions under section 69B of the Income Tax Act for unaccounted cash expenditure related to on-money payments in land transactions. The appeals by the assessee were dismissed due to insufficient evidence disproving the allegations, including seized documents and unrebutted witness statements. The Tribunal found the Commissioner's orders valid for both assessment years, emphasizing the involvement of on-money payments in land purchases from the Tapadia family. Case-Laws Income Tax Wed, 10 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385214