https://www.taxtmi.com/highlights?id=55701 Addition of unexplained income - earnest/advance money under agreement to sell - The copy of the bank statements have been duly provided to the revenue authorities. The amount forfeited subsequently is not taxable under “income from other sources” u/s 56(2)(ix) in the assessment year 2014-15 but is a subject matter of provisions of Section 51 of the Act effective for the year under consideration. - AT en-us Tue, 01 Dec 2020 15:29:55 +0530 Tue, 01 Dec 2020 15:29:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55701 Addition of unexplained income - earnest/advance money under agreement to sell - The copy of the bank statements have been duly provided to the revenue authorities. The amount forfeited subsequently is not taxable under “income from other sources” u/s 56(2)(ix) in the assessment year 2014-15 but is a subject matter of provisions of Section 51 of the Act effective for the year under consideration. - AT Highlights Income Tax Tue, 01 Dec 2020 15:29:55 +0530 https://www.taxtmi.com/highlights?id=55701