https://www.taxtmi.com/caselaws?id=210338 The CIT (A) directed the AO to delete the addition under sec.69B for undisclosed investment in Transferable Development Rights (TDR) as the appellant adequately explained the sources of TDR purchase and mortgage deed execution. The AO's incorrect valuation method and misinterpretation of transactions led to the erroneous addition. The Tribunal upheld the deletion of the addition, emphasizing the importance of accurately valuing assets like TDR and understanding transaction specifics to prevent incorrect conclusions in tax assessments. en-us Fri, 29 Apr 2011 00:00:00 +0530 Wed, 08 Feb 2012 18:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210338 The CIT (A) directed the AO to delete the addition under sec.69B for undisclosed investment in Transferable Development Rights (TDR) as the appellant adequately explained the sources of TDR purchase and mortgage deed execution. The AO's incorrect valuation method and misinterpretation of transactions led to the erroneous addition. The Tribunal upheld the deletion of the addition, emphasizing the importance of accurately valuing assets like TDR and understanding transaction specifics to prevent incorrect conclusions in tax assessments. Case-Laws Income Tax Fri, 29 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210338