https://www.taxtmi.com/caselaws?id=325178 The Tribunal upheld the deletion of the addition on account of short-term capital gain as the land sold was not considered a capital asset under Section 2(14)(iii) due to its distance from the municipal limits. Additionally, the Tribunal confirmed the addition on account of unexplained cash deposits as the assessee failed to provide satisfactory evidence for the source of the deposits. Both the revenue's appeal and the assessee's cross-objection were dismissed. en-us Fri, 29 Jan 2016 00:00:00 +0530 Sat, 12 Mar 2016 09:13:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325178 The Tribunal upheld the deletion of the addition on account of short-term capital gain as the land sold was not considered a capital asset under Section 2(14)(iii) due to its distance from the municipal limits. Additionally, the Tribunal confirmed the addition on account of unexplained cash deposits as the assessee failed to provide satisfactory evidence for the source of the deposits. Both the revenue's appeal and the assessee's cross-objection were dismissed. Case-Laws Income Tax Fri, 29 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325178