https://www.taxtmi.com/caselaws?id=221072 The Tribunal upheld the deletion of undisclosed income and unexplained investment additions related to the sale of Kunal Complex, emphasizing that profits were offered and accepted by the Department. It clarified that section 44AD did not apply to the builder, as income from the sale was already declared. The Tribunal dismissed the Revenue's appeal, as the factual findings favored the assessee, with no legal issues raised. The detailed analysis and alignment with the CIT(A)'s decisions led to the rejection of the appeal. en-us Mon, 09 Jan 2012 00:00:00 +0530 Thu, 21 Feb 2013 07:42:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221072 The Tribunal upheld the deletion of undisclosed income and unexplained investment additions related to the sale of Kunal Complex, emphasizing that profits were offered and accepted by the Department. It clarified that section 44AD did not apply to the builder, as income from the sale was already declared. The Tribunal dismissed the Revenue's appeal, as the factual findings favored the assessee, with no legal issues raised. The detailed analysis and alignment with the CIT(A)'s decisions led to the rejection of the appeal. Case-Laws Income Tax Mon, 09 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221072