https://www.taxtmi.com/caselaws?id=182585 The appeal involved a dispute over an addition made under section 69 of the Income Tax Act, 1961, regarding the purchase of agricultural land. The CIT(A) upheld the addition based on section 50C, but upon review, it was found that the provisions of section 50C did not apply to the purchaser in this case. As there was no concrete evidence to support the addition, the appellate authority reversed the CIT(A)'s decision, allowing the Assessee's appeal. Consequently, the addition under section 69 was not justified, and the Assessee succeeded in the appeal. en-us Wed, 21 Jul 2010 00:00:00 +0530 Fri, 13 May 2016 17:20:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182585 The appeal involved a dispute over an addition made under section 69 of the Income Tax Act, 1961, regarding the purchase of agricultural land. The CIT(A) upheld the addition based on section 50C, but upon review, it was found that the provisions of section 50C did not apply to the purchaser in this case. As there was no concrete evidence to support the addition, the appellate authority reversed the CIT(A)'s decision, allowing the Assessee's appeal. Consequently, the addition under section 69 was not justified, and the Assessee succeeded in the appeal. Case-Laws Income Tax Wed, 21 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182585