https://www.taxtmi.com/caselaws?id=796003 Unaccounted sale-consideration additions require corroborative evidence and cannot rest solely on seized loose sheets, spreadsheets, broker material, chats, estimates or suspicion. The notes did not identify buyers, prove cash receipts, or establish a cash trail, and purchaser affidavits denying cash payments were unrebutted; accordingly, the on-money additions and related estimated profit were deleted. Deemed rental income for eligible unsold units remains taxable after the prescribed period following building-use permission under Section 23(5), without excluding projects commenced before its introduction. In the absence of evidence of letting efforts or grounds to alter the accepted basis, deemed rent computed at 3% was sustained. en-us Mon, 27 Jul 2026 00:00:00 +0530 Thu, 30 Jul 2026 08:52:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796003 Unaccounted sale-consideration additions require corroborative evidence and cannot rest solely on seized loose sheets, spreadsheets, broker material, chats, estimates or suspicion. The notes did not identify buyers, prove cash receipts, or establish a cash trail, and purchaser affidavits denying cash payments were unrebutted; accordingly, the on-money additions and related estimated profit were deleted. Deemed rental income for eligible unsold units remains taxable after the prescribed period following building-use permission under Section 23(5), without excluding projects commenced before its introduction. In the absence of evidence of letting efforts or grounds to alter the accepted basis, deemed rent computed at 3% was sustained. Case-Laws Income Tax Mon, 27 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796003