https://www.taxtmi.com/caselaws?id=783877 Whether amounts received as a "confirming party" in land sale deeds were taxable as mere commission or as income/capital gains turned on the existence and legal basis of the assessee's claimed confirming-party rights. The Tribunal held that, despite the assessee's shifting stand and failure to produce the foundational Banakhat/agreements allegedly conferring such rights, the registered sale deeds expressly recorded a Banakhat and linked payment to obtaining the assessee's consent; hence, the claim of no Banakhat could not be accepted. The matter was remanded to the AO to obtain and analyse the Banakhats, verify whether the sellers offered corresponding sale income, and then determine the correct taxable quantum; the appeal was allowed for statistical purposes. en-us Wed, 18 Jun 2025 00:00:00 +0530 Wed, 24 Dec 2025 07:51:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783877 Whether amounts received as a "confirming party" in land sale deeds were taxable as mere commission or as income/capital gains turned on the existence and legal basis of the assessee's claimed confirming-party rights. The Tribunal held that, despite the assessee's shifting stand and failure to produce the foundational Banakhat/agreements allegedly conferring such rights, the registered sale deeds expressly recorded a Banakhat and linked payment to obtaining the assessee's consent; hence, the claim of no Banakhat could not be accepted. The matter was remanded to the AO to obtain and analyse the Banakhats, verify whether the sellers offered corresponding sale income, and then determine the correct taxable quantum; the appeal was allowed for statistical purposes. Case-Laws Income Tax Wed, 18 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783877