https://www.taxtmi.com/caselaws?id=466762 Whether cash advances received under sale agreements constitute the assessee's income where the advances were later recovered by police and refunded to payors: the article concludes that admission in impounded books and a director's survey statement do not convert refunded advances into retained income where refunds were effected and reflected in bank records; consequently the addition treating those advances as income was removed and the assessing officer directed to delete the addition. en-us Tue, 25 Feb 2025 00:00:00 +0530 Wed, 18 Feb 2026 20:11:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466762 Whether cash advances received under sale agreements constitute the assessee's income where the advances were later recovered by police and refunded to payors: the article concludes that admission in impounded books and a director's survey statement do not convert refunded advances into retained income where refunds were effected and reflected in bank records; consequently the addition treating those advances as income was removed and the assessing officer directed to delete the addition. Case-Laws Income Tax Tue, 25 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466762