https://www.taxtmi.com/caselaws?id=185711 The Tribunal upheld the CIT(A)'s decision to delete the capital gains taxed by the AO, emphasizing that the differential interest could not be deemed as consideration for the transfer of the capital asset. The Tribunal dismissed the appeal, stating that the AO's assessment was based on assumptions and not factual evidence, affirming the genuineness of the lease agreement and rejecting the allegation of tax evasion. en-us Tue, 23 Mar 2004 00:00:00 +0530 Wed, 24 Aug 2016 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185711 The Tribunal upheld the CIT(A)'s decision to delete the capital gains taxed by the AO, emphasizing that the differential interest could not be deemed as consideration for the transfer of the capital asset. The Tribunal dismissed the appeal, stating that the AO's assessment was based on assumptions and not factual evidence, affirming the genuineness of the lease agreement and rejecting the allegation of tax evasion. Case-Laws Income Tax Tue, 23 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185711