https://www.taxtmi.com/caselaws?id=245767 The High Court partly allowed the appeal by setting aside the Tribunal's decision on the long-term capital gain transaction and exemption under Section 54F, restoring the Assessing Officer's findings that the transaction was bogus. However, the High Court upheld the Tribunal's decisions on the additions of Rs. 15 lakhs and Rs. 80,000 as income from undisclosed sources, finding the transactions genuine. No costs were awarded. en-us Wed, 06 Nov 2013 00:00:00 +0530 Tue, 19 May 2026 14:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245767 The High Court partly allowed the appeal by setting aside the Tribunal's decision on the long-term capital gain transaction and exemption under Section 54F, restoring the Assessing Officer's findings that the transaction was bogus. However, the High Court upheld the Tribunal's decisions on the additions of Rs. 15 lakhs and Rs. 80,000 as income from undisclosed sources, finding the transactions genuine. No costs were awarded. Case-Laws Income Tax Wed, 06 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245767