https://www.taxtmi.com/caselaws?id=469161 Addition for alleged on-money payment on flat purchase could not be sustained where it was based only on builder-group statements and search material, without any seized document or independent corroborative evidence linking the assessee to the alleged extra payment. The record did not show actual payment by the assessee over and above the agreement value, and mere reliance on third-party statements was insufficient. The ITAT Mumbai therefore deleted the addition and granted relief to the assessee. en-us Mon, 04 Mar 2024 00:00:00 +0530 Fri, 05 Jun 2026 17:24:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469161 Addition for alleged on-money payment on flat purchase could not be sustained where it was based only on builder-group statements and search material, without any seized document or independent corroborative evidence linking the assessee to the alleged extra payment. The record did not show actual payment by the assessee over and above the agreement value, and mere reliance on third-party statements was insufficient. The ITAT Mumbai therefore deleted the addition and granted relief to the assessee. Case-Laws Income Tax Mon, 04 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469161