https://www.taxtmi.com/caselaws?id=327553 The Tribunal upheld the findings and conclusions of the Assessing Officer (AO) and the Commissioner of Income Tax (Appeals) (CIT(A)) in dismissing all appeals of the assessee for the assessment years 1993-94, 1996-97, and 1998-99. The issues regarding jurisdiction, validity of the assessment order, timing and genuineness of land purchase, payment of consideration, possession date, genuineness of documents, source of deposits, use of land, taxation as business profit, classification as an adventure in trade, status of Association of Persons (AOP), applicability of Section 69, assessment in the hands of AOP, charging of interest, and costs of the appeal were all decided against the assessee. en-us Thu, 07 Apr 2016 00:00:00 +0530 Fri, 13 May 2016 09:00:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327553 The Tribunal upheld the findings and conclusions of the Assessing Officer (AO) and the Commissioner of Income Tax (Appeals) (CIT(A)) in dismissing all appeals of the assessee for the assessment years 1993-94, 1996-97, and 1998-99. The issues regarding jurisdiction, validity of the assessment order, timing and genuineness of land purchase, payment of consideration, possession date, genuineness of documents, source of deposits, use of land, taxation as business profit, classification as an adventure in trade, status of Association of Persons (AOP), applicability of Section 69, assessment in the hands of AOP, charging of interest, and costs of the appeal were all decided against the assessee. Case-Laws Income Tax Thu, 07 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327553