https://www.taxtmi.com/caselaws?id=413303 The addition of business receipts was sustained because the assessee failed to produce a credible reconciliation linking amounts received from companies to alleged payments to landowners. The claimed additional evidence and hard disk did not establish the required nexus between the companies, vendors and assessee, and the relevant sale deeds and supporting details were not produced. The Tribunal also declined remand, holding that the additional evidence was not validly admitted under the Appellate Tribunal Rules and the hard disk was not certified as an electronic record under the Information Technology Act. The challenge to deletion of the addition therefore failed. en-us Thu, 30 Sep 2021 00:00:00 +0530 Fri, 08 Oct 2021 08:21:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413303 The addition of business receipts was sustained because the assessee failed to produce a credible reconciliation linking amounts received from companies to alleged payments to landowners. The claimed additional evidence and hard disk did not establish the required nexus between the companies, vendors and assessee, and the relevant sale deeds and supporting details were not produced. The Tribunal also declined remand, holding that the additional evidence was not validly admitted under the Appellate Tribunal Rules and the hard disk was not certified as an electronic record under the Information Technology Act. The challenge to deletion of the addition therefore failed. Case-Laws Income Tax Thu, 30 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413303