https://www.taxtmi.com/caselaws?id=267923 The Tribunal upheld the CIT(A)'s decision that the addition of Rs. 80 lakhs by the AO was not warranted as it was part of the capital gain from the sale of shares. Capital gains were assessed in AY 2008-09, not in the year of the land sale agreement. The repayment of Rs. 23.57 lakhs was accepted despite lack of confirmation, leading to the dismissal of the revenue's appeal. Judgment was pronounced on 23rd September 2015. en-us Wed, 23 Sep 2015 00:00:00 +0530 Tue, 17 Nov 2015 05:54:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267923 The Tribunal upheld the CIT(A)'s decision that the addition of Rs. 80 lakhs by the AO was not warranted as it was part of the capital gain from the sale of shares. Capital gains were assessed in AY 2008-09, not in the year of the land sale agreement. The repayment of Rs. 23.57 lakhs was accepted despite lack of confirmation, leading to the dismissal of the revenue's appeal. Judgment was pronounced on 23rd September 2015. Case-Laws Income Tax Wed, 23 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267923