https://www.taxtmi.com/caselaws?id=246732 The Tribunal allowed the Revenue's appeal, setting aside the Commissioner's order that deleted the addition of Rs. 15 lakhs to the assessee's long term capital gain. The Tribunal found the mutual agreement letter insufficient evidence to support the deduction, shifting the burden of proof to the assessee due to lack of mention in the conveyance deed and questions regarding sole liability. The Tribunal concluded that the letter lacked expenditure quantification details, casting doubt on the sole responsibility of the assessee for the deduction, ultimately ruling in favor of the Revenue. en-us Fri, 11 Apr 2014 00:00:00 +0530 Mon, 21 Apr 2014 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246732 The Tribunal allowed the Revenue's appeal, setting aside the Commissioner's order that deleted the addition of Rs. 15 lakhs to the assessee's long term capital gain. The Tribunal found the mutual agreement letter insufficient evidence to support the deduction, shifting the burden of proof to the assessee due to lack of mention in the conveyance deed and questions regarding sole liability. The Tribunal concluded that the letter lacked expenditure quantification details, casting doubt on the sole responsibility of the assessee for the deduction, ultimately ruling in favor of the Revenue. Case-Laws Income Tax Fri, 11 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246732