https://www.taxtmi.com/caselaws?id=215441 Additional evidence supporting the correct cost of acquisition, improvement and investment in specified bonds under section 50EC was accepted on remand, so the long-term capital gains addition was deleted. Notional interest could not be taxed on margin money where no interest was received or payable and no corresponding interest expenditure was claimed, so that addition was also deleted. The trading addition relating to closing stock was unwarranted because the stock was already reflected in the balance sheet and the trading account recorded purchases only to the extent of sales, with no adverse material rebutting the verified records. The appellate authority's deletion of all disputed additions was affirmed. en-us Wed, 20 Jun 2012 00:00:00 +0530 Mon, 21 Jan 2013 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215441 Additional evidence supporting the correct cost of acquisition, improvement and investment in specified bonds under section 50EC was accepted on remand, so the long-term capital gains addition was deleted. Notional interest could not be taxed on margin money where no interest was received or payable and no corresponding interest expenditure was claimed, so that addition was also deleted. The trading addition relating to closing stock was unwarranted because the stock was already reflected in the balance sheet and the trading account recorded purchases only to the extent of sales, with no adverse material rebutting the verified records. The appellate authority's deletion of all disputed additions was affirmed. Case-Laws Income Tax Wed, 20 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215441