https://www.taxtmi.com/caselaws?id=258128 The High Court upheld the Tribunal's decision in a tax matter where the Revenue challenged the deletion of an addition claimed by the assessee towards cost of improvement. The Court found that the Revenue failed to provide contradictory material to dispute the factual findings regarding the payment of compensation, leading to the dismissal of the appeal. The Court emphasized the need for genuine transactions in tax matters and concluded that no substantial question of law arose for consideration, ultimately dismissing the appeal for lack of merit. en-us Tue, 03 Mar 2015 00:00:00 +0530 Wed, 01 Apr 2015 07:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258128 The High Court upheld the Tribunal's decision in a tax matter where the Revenue challenged the deletion of an addition claimed by the assessee towards cost of improvement. The Court found that the Revenue failed to provide contradictory material to dispute the factual findings regarding the payment of compensation, leading to the dismissal of the appeal. The Court emphasized the need for genuine transactions in tax matters and concluded that no substantial question of law arose for consideration, ultimately dismissing the appeal for lack of merit. Case-Laws Income Tax Tue, 03 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258128