https://www.taxtmi.com/caselaws?id=238322 The ITAT upheld the CIT(A)'s decisions to delete additions made under sections 68 and 69B of the Income Tax Act, as the assessee provided evidence to explain the sources of cash deposits and investments. The ITAT also upheld the disallowance of capital expenditure for computing short-term capital gain, as the expenses were deemed capital in nature. Both the revenue's appeal and the assessee's cross-appeal were dismissed, affirming the CIT(A)'s rulings. en-us Fri, 11 Oct 2013 00:00:00 +0530 Mon, 21 Oct 2013 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238322 The ITAT upheld the CIT(A)'s decisions to delete additions made under sections 68 and 69B of the Income Tax Act, as the assessee provided evidence to explain the sources of cash deposits and investments. The ITAT also upheld the disallowance of capital expenditure for computing short-term capital gain, as the expenses were deemed capital in nature. Both the revenue's appeal and the assessee's cross-appeal were dismissed, affirming the CIT(A)'s rulings. Case-Laws Income Tax Fri, 11 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238322