https://www.taxtmi.com/caselaws?id=178694 The Tribunal allowed the appeal, rejecting the addition of development expenses to fixed assets as unexplained investment. The CIT(A)'s direction for future consideration of expenses upon land sale was overturned, emphasizing the explained and accepted source of funds for the investment in fixed assets. The Tribunal held that no additions were justified under Section 69 of the Income Tax Act, aligning with a similar case's decision. en-us Wed, 24 Sep 2014 00:00:00 +0530 Wed, 10 Feb 2016 18:35:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178694 The Tribunal allowed the appeal, rejecting the addition of development expenses to fixed assets as unexplained investment. The CIT(A)'s direction for future consideration of expenses upon land sale was overturned, emphasizing the explained and accepted source of funds for the investment in fixed assets. The Tribunal held that no additions were justified under Section 69 of the Income Tax Act, aligning with a similar case's decision. Case-Laws Income Tax Wed, 24 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178694