https://www.taxtmi.com/caselaws?id=325464 The Tribunal dismissed the Revenue's appeal, upholding the ld. CIT(A)'s decision to delete the additions of unexplained investment and cash payment. It emphasized the importance of proper evaluation of evidence and adherence to legal provisions in income tax assessments. The Tribunal clarified that section 50C applies to sellers for capital gains and cannot be extended to tax undisclosed income in the hands of the buyer. en-us Thu, 11 Feb 2016 00:00:00 +0530 Sat, 19 Mar 2016 08:57:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325464 The Tribunal dismissed the Revenue's appeal, upholding the ld. CIT(A)'s decision to delete the additions of unexplained investment and cash payment. It emphasized the importance of proper evaluation of evidence and adherence to legal provisions in income tax assessments. The Tribunal clarified that section 50C applies to sellers for capital gains and cannot be extended to tax undisclosed income in the hands of the buyer. Case-Laws Income Tax Thu, 11 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325464