https://www.taxtmi.com/caselaws?id=798894 Land-MoU receipts claimed as advances for co-owners require evidence of the co-owners' entitlement, the governing arrangement and the receipt's character. Where no such evidence exists, the funds are retained and used solely by the recipient, and repayment is not required upon adverse title determination, the receipts are treated as taxable income rather than advances. Bank credits remain unexplained where stated sources and confirmations do not reconcile and no substantiating material is produced. However, cash already included within an assessed MoU receipt cannot be separately added unless shown to have been received over and above that receipt. en-us Tue, 01 Sep 2026 00:00:00 +0530 Mon, 14 Sep 2026 08:32:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798894 Land-MoU receipts claimed as advances for co-owners require evidence of the co-owners' entitlement, the governing arrangement and the receipt's character. Where no such evidence exists, the funds are retained and used solely by the recipient, and repayment is not required upon adverse title determination, the receipts are treated as taxable income rather than advances. Bank credits remain unexplained where stated sources and confirmations do not reconcile and no substantiating material is produced. However, cash already included within an assessed MoU receipt cannot be separately added unless shown to have been received over and above that receipt. Case-Laws Income Tax Tue, 01 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798894