https://www.taxtmi.com/caselaws?id=121713 The appeal was allowed, with the addition of Rs. 18,38,133 under section 68 of the Income-tax Act, 1961, and the disallowance of stamp duty in computing capital gains being deleted. The Tribunal found that the assessee had established the identity of the creditor, genuineness of the transaction, and creditworthiness of the creditor regarding the disputed amount. Additionally, the Tribunal held that the stamp duty spent by the purchaser should be added to the cost of the land, leading to the deletion of the disallowance made by the Assessing Officer. en-us Fri, 12 Dec 2008 00:00:00 +0530 Wed, 01 Aug 2012 17:04:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121713 The appeal was allowed, with the addition of Rs. 18,38,133 under section 68 of the Income-tax Act, 1961, and the disallowance of stamp duty in computing capital gains being deleted. The Tribunal found that the assessee had established the identity of the creditor, genuineness of the transaction, and creditworthiness of the creditor regarding the disputed amount. Additionally, the Tribunal held that the stamp duty spent by the purchaser should be added to the cost of the land, leading to the deletion of the disallowance made by the Assessing Officer. Case-Laws Income Tax Fri, 12 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121713