https://www.taxtmi.com/caselaws?id=219322 The Tribunal upheld the CIT(A)'s decision, emphasizing the lack of concrete evidence supporting the A.O.'s estimated land value and the inapplicability of section 50C to purchasers under section 69B. The judgment underscored the necessity for the Revenue to substantiate undisclosed investments exceeding recorded amounts, leading to the dismissal of the Revenue's appeal. en-us Fri, 07 Sep 2012 00:00:00 +0530 Tue, 11 Dec 2012 09:15:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219322 The Tribunal upheld the CIT(A)'s decision, emphasizing the lack of concrete evidence supporting the A.O.'s estimated land value and the inapplicability of section 50C to purchasers under section 69B. The judgment underscored the necessity for the Revenue to substantiate undisclosed investments exceeding recorded amounts, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Fri, 07 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219322