https://www.taxtmi.com/caselaws?id=469720 Retraction of survey disclosure and uncorroborated diary entries could not support addition for the Vejalpur land transaction, because the registered sale, audited accounts and transaction chronology made the alleged later cash payment implausible and no reliable evidence established it. Diary entries for the Harsol transaction had to be read as a whole: where the same material recorded both receipts and payments from the undisclosed transaction set, telescoping credit was required so that the source and application of funds were not taxed twice. On that basis, the additions linked to both diary sets were deleted. en-us Wed, 23 Oct 2024 00:00:00 +0530 Tue, 30 Jun 2026 22:54:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469720 Retraction of survey disclosure and uncorroborated diary entries could not support addition for the Vejalpur land transaction, because the registered sale, audited accounts and transaction chronology made the alleged later cash payment implausible and no reliable evidence established it. Diary entries for the Harsol transaction had to be read as a whole: where the same material recorded both receipts and payments from the undisclosed transaction set, telescoping credit was required so that the source and application of funds were not taxed twice. On that basis, the additions linked to both diary sets were deleted. Case-Laws Income Tax Wed, 23 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469720