https://www.taxtmi.com/caselaws?id=800577 Undisclosed on-money additions require credible proof of actual receipt; unsigned draft agreements, incomplete settlement records and proposed transactions do not establish consideration for land not transferred. Protective additions require a corresponding substantive assessment arising from a genuine ownership or assessability dispute. Rejection of books of account requires material showing that declared results are unreliable; inadequate bills and vouchers may nevertheless justify a reasonable profit estimate. Section 50C applies only where the assessee transfers a capital asset, and a further capital-gains charge is unwarranted absent independent receipt of consideration when the same sale receipts have already been assessed as business income. en-us Wed, 23 Sep 2026 00:00:00 +0530 Thu, 08 Oct 2026 08:45:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800577 Undisclosed on-money additions require credible proof of actual receipt; unsigned draft agreements, incomplete settlement records and proposed transactions do not establish consideration for land not transferred. Protective additions require a corresponding substantive assessment arising from a genuine ownership or assessability dispute. Rejection of books of account requires material showing that declared results are unreliable; inadequate bills and vouchers may nevertheless justify a reasonable profit estimate. Section 50C applies only where the assessee transfers a capital asset, and a further capital-gains charge is unwarranted absent independent receipt of consideration when the same sale receipts have already been assessed as business income. Case-Laws Income Tax Wed, 23 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800577