https://www.taxtmi.com/caselaws?id=773367 ITAT Delhi upheld addition of Rs. 20,00,000/- as unexplained cash receipts from clients, rejecting assessee's claim that amounts were for furniture and fixtures for prospective buyers due to lack of documentary evidence or affidavits. However, ITAT deleted Rs. 2,50,000/- addition considering assessee's regular taxpayer status. The tribunal also sustained findings regarding construction expenditure sourced from partners and prospective buyers, as assessee failed to provide contradictory evidence to challenge lower authorities' conclusions. en-us Wed, 18 Jun 2025 00:00:00 +0530 Sat, 21 Jun 2025 08:29:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773367 ITAT Delhi upheld addition of Rs. 20,00,000/- as unexplained cash receipts from clients, rejecting assessee's claim that amounts were for furniture and fixtures for prospective buyers due to lack of documentary evidence or affidavits. However, ITAT deleted Rs. 2,50,000/- addition considering assessee's regular taxpayer status. The tribunal also sustained findings regarding construction expenditure sourced from partners and prospective buyers, as assessee failed to provide contradictory evidence to challenge lower authorities' conclusions. Case-Laws Income Tax Wed, 18 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773367