https://www.taxtmi.com/caselaws?id=232327 The tribunal upheld the inclusion of rental income from 1.4.2000 to March 2001 in the appellant's hands, emphasizing that ownership rights were not transferred until the consideration was paid. Additionally, the tribunal affirmed the addition of Rs.7,30,000 as unexplained credit under section 68, as the partners failed to provide adequate proof of the source of funds. The Commissioner of Income Tax (Appeals) and Assessing Officer's decisions were upheld, with the Miscellaneous Application being treated as allowed and the order rectified accordingly. en-us Wed, 17 Apr 2013 00:00:00 +0530 Tue, 23 Apr 2013 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=232327 The tribunal upheld the inclusion of rental income from 1.4.2000 to March 2001 in the appellant's hands, emphasizing that ownership rights were not transferred until the consideration was paid. Additionally, the tribunal affirmed the addition of Rs.7,30,000 as unexplained credit under section 68, as the partners failed to provide adequate proof of the source of funds. The Commissioner of Income Tax (Appeals) and Assessing Officer's decisions were upheld, with the Miscellaneous Application being treated as allowed and the order rectified accordingly. Case-Laws Income Tax Wed, 17 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=232327