https://www.taxtmi.com/caselaws?id=471770 Taxable income from an alleged immovable-property sale requires evidence of actual receipt of consideration and completion of transfer. The asserted transaction remained disputed before a civil court, while bank records showed no credit to the assessee, possession remained inconsistent with a completed sale, and mortgaged title documents restricted transfer without lender consent. Reliance on departmental information without addressing this contrary evidence did not establish taxable consideration. The addition was deleted because only real income, rather than notional or unreal income from an uncompleted or unproven transfer, is taxable. en-us Wed, 09 Apr 2025 00:00:00 +0530 Thu, 17 Sep 2026 13:50:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471770 Taxable income from an alleged immovable-property sale requires evidence of actual receipt of consideration and completion of transfer. The asserted transaction remained disputed before a civil court, while bank records showed no credit to the assessee, possession remained inconsistent with a completed sale, and mortgaged title documents restricted transfer without lender consent. Reliance on departmental information without addressing this contrary evidence did not establish taxable consideration. The addition was deleted because only real income, rather than notional or unreal income from an uncompleted or unproven transfer, is taxable. Case-Laws Income Tax Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471770