https://www.taxtmi.com/caselaws?id=59157 Alleged on-money additions from property sales require tangible evidence of actual receipt; a diary, file, recorded conversations, general reports and comparable instances are insufficient where no purchaser confirms payment and the supporting statement lacks reliability. Such additions were deleted. Land and a substitute plot forming part of a business project retained their character as stock-in-trade, so surplus on their transfer was taxable as business income in the year the project transaction was completed, with reclamation and connected costs deductible in computing the surplus. Project expenses without supporting details or project nexus were partly disallowed, while excessive telephone and motor-car disallowances received limited estimated relief. en-us Tue, 03 Nov 1992 00:00:00 +0530 Tue, 14 Feb 2017 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59157 Alleged on-money additions from property sales require tangible evidence of actual receipt; a diary, file, recorded conversations, general reports and comparable instances are insufficient where no purchaser confirms payment and the supporting statement lacks reliability. Such additions were deleted. Land and a substitute plot forming part of a business project retained their character as stock-in-trade, so surplus on their transfer was taxable as business income in the year the project transaction was completed, with reclamation and connected costs deductible in computing the surplus. Project expenses without supporting details or project nexus were partly disallowed, while excessive telephone and motor-car disallowances received limited estimated relief. Case-Laws Income Tax Tue, 03 Nov 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59157