https://www.taxtmi.com/caselaws?id=757842 An addition for alleged on-money in the purchase of agricultural land cannot be sustained on uncorroborated statements alone when no documentary evidence shows payment beyond the registered sale consideration. The registered sale deeds reflected the stated value and matched the sub-registrar's valuation, while the Revenue failed to produce reliable contrary material to displace the presumption of genuineness attaching to the deeds. The addition was therefore deleted in favour of the assessee. en-us Wed, 14 Aug 2024 00:00:00 +0530 Mon, 02 Sep 2024 13:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757842 An addition for alleged on-money in the purchase of agricultural land cannot be sustained on uncorroborated statements alone when no documentary evidence shows payment beyond the registered sale consideration. The registered sale deeds reflected the stated value and matched the sub-registrar's valuation, while the Revenue failed to produce reliable contrary material to displace the presumption of genuineness attaching to the deeds. The addition was therefore deleted in favour of the assessee. Case-Laws Income Tax Wed, 14 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757842