https://www.taxtmi.com/caselaws?id=464695 ITAT (DELHI) upheld AO's finding that 50% of the land sale consideration was paid in cash and not recorded in books, based on the director's admission, but held that additions under s.69/153C must be limited to the unexplained cash payments actually established. The Tribunal directed deletion of any addition exceeding the cash amount so treated and observed CIT(A) failed to address this plea; ground raised by the assessee was accordingly partly allowed. en-us Tue, 30 Apr 2024 00:00:00 +0530 Mon, 10 Nov 2025 19:08:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464695 ITAT (DELHI) upheld AO's finding that 50% of the land sale consideration was paid in cash and not recorded in books, based on the director's admission, but held that additions under s.69/153C must be limited to the unexplained cash payments actually established. The Tribunal directed deletion of any addition exceeding the cash amount so treated and observed CIT(A) failed to address this plea; ground raised by the assessee was accordingly partly allowed. Case-Laws Income Tax Tue, 30 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464695