21-August-2026
Taxation
 
Woman buys property for Rs 3.5 crore; taxman alleges another Rs 2 crore paid in cash – ITAT says this
21-Aug-2026

Buying a property not only involves physical and location checks but also verifying a range of documents. But what happens when a Rs 2 crore cash payment allegedly made for a property purchase became the centre of a tax dispute? The case centred on a digital image of a slip allegedly recovered from a third party’s mobile phone, which the tax department relied upon to claim that the buyer had paid Rs 2 crore in cash over and above the registered property consideration.

News Source:- https://www.financialexpress.com/money/income-tax/woman-buys-property-for-rs-3-5-crore-taxman-alleges-another-rs-2-crore-paid-in-cash-itat-says-this/4322008/?ref=personalfinance_hp