https://www.taxtmi.com/caselaws?id=426618 An addition for alleged on-money on property sale could not be sustained where the recorded sale consideration was undisputed, the draft sale deed was unsigned, and no independent corroboration supported the Revenue's case. A third-party admission before the Settlement Commission could not be used against the assessee without being supplied for confrontation. In the absence of credible evidence of actual receipt of unaccounted consideration, the material relied on by the Revenue was insufficient and the addition was deleted. en-us Fri, 29 Jul 2022 00:00:00 +0530 Tue, 11 Oct 2022 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426618 An addition for alleged on-money on property sale could not be sustained where the recorded sale consideration was undisputed, the draft sale deed was unsigned, and no independent corroboration supported the Revenue's case. A third-party admission before the Settlement Commission could not be used against the assessee without being supplied for confrontation. In the absence of credible evidence of actual receipt of unaccounted consideration, the material relied on by the Revenue was insufficient and the addition was deleted. Case-Laws Income Tax Fri, 29 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426618