https://www.taxtmi.com/caselaws?id=258175 The Court dismissed the appeal, upholding the acceptance of the payment made by the assessee to the sellers for the purchase of land. The Revenue had assessed the sellers for capital gains based on the amount received, which was acknowledged in the sellers' returns. The Court rejected the argument shifting the burden of proof to the Revenue, concluding that no substantial legal question arose for consideration. Previous judicial decisions and the dismissal of a special leave petition supported the position that the payment was made as claimed by the assessee. en-us Fri, 06 Mar 2015 00:00:00 +0530 Thu, 02 Apr 2015 05:58:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258175 The Court dismissed the appeal, upholding the acceptance of the payment made by the assessee to the sellers for the purchase of land. The Revenue had assessed the sellers for capital gains based on the amount received, which was acknowledged in the sellers' returns. The Court rejected the argument shifting the burden of proof to the Revenue, concluding that no substantial legal question arose for consideration. Previous judicial decisions and the dismissal of a special leave petition supported the position that the payment was made as claimed by the assessee. Case-Laws Income Tax Fri, 06 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258175