https://www.taxtmi.com/caselaws?id=326016 The Tribunal upheld the CIT(A)'s decision to delete disputed additions in a tax case. The first issue involved a difference in estimated shop value, where the CIT(A) applied Section 50C for capital gains computation. The second issue concerned alleged unaccounted investments in cash advances, which the CIT(A) found were duly explained and reflected in the accounts. The Tribunal affirmed the CIT(A)'s reasoning, dismissing the Revenue's appeal and confirming the deletion of the additions. The decision was rendered on 1st April 2016 in Ahmedabad. en-us Fri, 01 Apr 2016 00:00:00 +0530 Mon, 04 Apr 2016 09:12:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326016 The Tribunal upheld the CIT(A)'s decision to delete disputed additions in a tax case. The first issue involved a difference in estimated shop value, where the CIT(A) applied Section 50C for capital gains computation. The second issue concerned alleged unaccounted investments in cash advances, which the CIT(A) found were duly explained and reflected in the accounts. The Tribunal affirmed the CIT(A)'s reasoning, dismissing the Revenue's appeal and confirming the deletion of the additions. The decision was rendered on 1st April 2016 in Ahmedabad. Case-Laws Income Tax Fri, 01 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326016