https://www.taxtmi.com/caselaws?id=469246 An addition for alleged on-money payment under the Income-tax Act could not be sustained where the assessee's booking payment was made by cheque and later refunded on cancellation, and the Revenue relied only on third-party search material. The record did not establish actual cash payment by the assessee, and the lower authorities made no independent enquiry or reliable corroboration to prove that such on-money was paid or retained. On that material, the addition under section 69A was deleted as unsustainable. en-us Tue, 04 Mar 2025 00:00:00 +0530 Thu, 11 Jun 2026 11:23:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469246 An addition for alleged on-money payment under the Income-tax Act could not be sustained where the assessee's booking payment was made by cheque and later refunded on cancellation, and the Revenue relied only on third-party search material. The record did not establish actual cash payment by the assessee, and the lower authorities made no independent enquiry or reliable corroboration to prove that such on-money was paid or retained. On that material, the addition under section 69A was deleted as unsustainable. Case-Laws Income Tax Tue, 04 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469246