Dismissing the appeal of the revenue , the Court held that ;amounts were received from bulk purchasers as per agreement and, that assessee had also filed cash flow statement and looking to modus operandi of business said sums were verifiable; thus, no addition was required to be made on this account .
CIT v.Ranjeet Singh Yadav ( 2018) 257 Taxman 252 ( Raj) (HC) Editorial: SLP of revenue is dismissed ;CIT v . Ranjeet Singh Yadav. (2018) 257 Taxman 29 (SC)
S. 69 :Unexplained investments -Search -Advance receipts- Real estate business-Amounts were received from bulk purchasers as per agreement and, that assessee had also filed cash flow statement and looking to modus operandi of business said sums were verifiable, thus, no addition was required to be made on this account