https://www.taxtmi.com/caselaws?id=219730 The tribunal partly allowed both appeals by the assessee for statistical purposes. Relief was granted on specific issues such as the addition of unexplained opening capital for certain investments, disallowance of legal expenses, and disallowance of amount paid to a land broker. However, disallowances of business loss, interest on bank overdraft, and addition of long-term capital gains were upheld due to lack of substantiating evidence. The tribunal ensured a comprehensive review and fair resolution of the disputed claims. en-us Tue, 05 Jun 2012 00:00:00 +0530 Mon, 17 Dec 2012 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219730 The tribunal partly allowed both appeals by the assessee for statistical purposes. Relief was granted on specific issues such as the addition of unexplained opening capital for certain investments, disallowance of legal expenses, and disallowance of amount paid to a land broker. However, disallowances of business loss, interest on bank overdraft, and addition of long-term capital gains were upheld due to lack of substantiating evidence. The tribunal ensured a comprehensive review and fair resolution of the disputed claims. Case-Laws Income Tax Tue, 05 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219730