https://www.taxtmi.com/caselaws?id=335037 The Tribunal ruled in favor of the assessee in a tax case involving discrepancies in sale prices of flats, short-term capital gains addition, denial of benefit under section 54(1), addition on account of stamp duty valuation, and unsecured loans. The Tribunal found no evidence of sales suppression as sale prices were not lower than stamp valuation. As the tax effects were below the prescribed limit, the Tribunal dismissed the revenue's appeal, allowing the assessee's appeal and deleting the unjustified additions. en-us Mon, 26 Sep 2016 00:00:00 +0530 Fri, 25 Nov 2016 10:46:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335037 The Tribunal ruled in favor of the assessee in a tax case involving discrepancies in sale prices of flats, short-term capital gains addition, denial of benefit under section 54(1), addition on account of stamp duty valuation, and unsecured loans. The Tribunal found no evidence of sales suppression as sale prices were not lower than stamp valuation. As the tax effects were below the prescribed limit, the Tribunal dismissed the revenue's appeal, allowing the assessee's appeal and deleting the unjustified additions. Case-Laws Income Tax Mon, 26 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335037