https://www.taxtmi.com/caselaws?id=122481 The Tribunal dismissed the revenue's appeal, confirming that section 50C applies only to the seller for capital gains computation and not to the purchaser for determining undisclosed investments under section 69B. The addition made by the Assessing Officer was based on presumption without concrete evidence, and the CIT(A)'s decision to delete the addition was upheld. en-us Tue, 16 Mar 2010 00:00:00 +0530 Wed, 20 Sep 2023 13:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122481 The Tribunal dismissed the revenue's appeal, confirming that section 50C applies only to the seller for capital gains computation and not to the purchaser for determining undisclosed investments under section 69B. The addition made by the Assessing Officer was based on presumption without concrete evidence, and the CIT(A)'s decision to delete the addition was upheld. Case-Laws Income Tax Tue, 16 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122481