https://www.taxtmi.com/caselaws?id=407758 The Tribunal allowed the appeals and deleted the additions for the assessment years 2003-04 and 2004-05. It emphasized the importance of determining the rightful recipient of sale proceeds from land transactions by examining the agreement between the power of attorney holder and the land owners. Due to the lack of evidence or agreements specifying the distribution of funds, the Tribunal found no justification for sustaining the addition of on-money in the hands of the assessee. en-us Wed, 19 May 2021 00:00:00 +0530 Thu, 20 May 2021 14:56:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407758 The Tribunal allowed the appeals and deleted the additions for the assessment years 2003-04 and 2004-05. It emphasized the importance of determining the rightful recipient of sale proceeds from land transactions by examining the agreement between the power of attorney holder and the land owners. Due to the lack of evidence or agreements specifying the distribution of funds, the Tribunal found no justification for sustaining the addition of on-money in the hands of the assessee. Case-Laws Income Tax Wed, 19 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407758