https://www.taxtmi.com/caselaws?id=241236 The Tribunal dismissed the assessee's appeal and allowed the Revenue's appeal in the cross-appeals regarding additions made in the assessment order for AY 2004-05. The Tribunal reinstated the deleted addition of Rs. 32,51,872 as undisclosed investment in land at Ariyanoor, emphasizing the lack of evidence supporting a significant fall in real estate prices. Additionally, the Tribunal highlighted the importance of substantiating claims with concrete evidence and maintaining consistency in explanations during tax proceedings. en-us Mon, 21 Oct 2013 00:00:00 +0530 Thu, 19 Dec 2013 06:11:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241236 The Tribunal dismissed the assessee's appeal and allowed the Revenue's appeal in the cross-appeals regarding additions made in the assessment order for AY 2004-05. The Tribunal reinstated the deleted addition of Rs. 32,51,872 as undisclosed investment in land at Ariyanoor, emphasizing the lack of evidence supporting a significant fall in real estate prices. Additionally, the Tribunal highlighted the importance of substantiating claims with concrete evidence and maintaining consistency in explanations during tax proceedings. Case-Laws Income Tax Mon, 21 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241236