https://www.taxtmi.com/caselaws?id=64756 The ITAT ruled in favor of the assessee, invalidating the Revenue's appeal against the deletion of additions to the assessee's income for unexplained investment in construction. The tribunal found that the construction costs reported by the assessee were plausible and could have been financed from agricultural and rental income savings. The cross-objections by the assessee were allowed, affirming the AAC's decision on construction costs. As a result, the Revenue's appeals were dismissed, and the cross-objections were upheld, providing a comprehensive resolution to the dispute. en-us Wed, 10 Jan 1990 00:00:00 +0530 Wed, 09 Feb 2011 16:38:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64756 The ITAT ruled in favor of the assessee, invalidating the Revenue's appeal against the deletion of additions to the assessee's income for unexplained investment in construction. The tribunal found that the construction costs reported by the assessee were plausible and could have been financed from agricultural and rental income savings. The cross-objections by the assessee were allowed, affirming the AAC's decision on construction costs. As a result, the Revenue's appeals were dismissed, and the cross-objections were upheld, providing a comprehensive resolution to the dispute. Case-Laws Income Tax Wed, 10 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64756