TaxTMI 
TaxTMI 
Section 69: Court Upholds Tax Addition on Land Sale Advance; Documents Deemed Self-Serving and Unreliable.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Addition u/s 69 - amount received as advance / earnest money for sale of land which was deposited in the bank - The documents appeared to have been prepared by the assessee for self-serving purposes. Since the aforesaid cancellation deed does not bear signatures of the any of the purchasers, hence, no reliance can be placed on it. - additions confirmed. - AT....