https://www.taxtmi.com/caselaws?id=238631 The High Court dismissed the department's appeal under Section 260A of the Income Tax Act, ruling in favor of the assessee on both issues. The Court upheld the Tribunal's decisions, emphasizing the legitimacy of the transactions and lack of evidence supporting the department's claims. The addition of Rs.42.50 lacs under 'undisclosed investments' in land purchase and Rs.10.00 lacs as an unexplained loan were both deleted by the Tribunal, with the High Court affirming these decisions. en-us Fri, 25 Oct 2013 00:00:00 +0530 Fri, 27 Mar 2026 16:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238631 The High Court dismissed the department's appeal under Section 260A of the Income Tax Act, ruling in favor of the assessee on both issues. The Court upheld the Tribunal's decisions, emphasizing the legitimacy of the transactions and lack of evidence supporting the department's claims. The addition of Rs.42.50 lacs under 'undisclosed investments' in land purchase and Rs.10.00 lacs as an unexplained loan were both deleted by the Tribunal, with the High Court affirming these decisions. Case-Laws Income Tax Fri, 25 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238631