https://www.taxtmi.com/caselaws?id=339631 The tribunal ruled in favor of the assessee, deleting the addition of Rs. 36 lac as unexplained bank deposits, as the redeposit of withdrawn cash indicated a legitimate source. Regarding the computation of capital gain, adjustments were made, with specific expenses allowed as cost of improvement. The tribunal upheld the full value of consideration based on the relevant Act. For the addition of Rs. 83,436 under 'Income from house property,' the tribunal found the rental income claim unsupported and remitted the matter for reconsideration by the AO. Overall, the tribunal partially allowed both appeals, providing guidance for further assessment. en-us Mon, 27 Feb 2017 00:00:00 +0530 Sat, 04 Mar 2017 13:49:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339631 The tribunal ruled in favor of the assessee, deleting the addition of Rs. 36 lac as unexplained bank deposits, as the redeposit of withdrawn cash indicated a legitimate source. Regarding the computation of capital gain, adjustments were made, with specific expenses allowed as cost of improvement. The tribunal upheld the full value of consideration based on the relevant Act. For the addition of Rs. 83,436 under 'Income from house property,' the tribunal found the rental income claim unsupported and remitted the matter for reconsideration by the AO. Overall, the tribunal partially allowed both appeals, providing guidance for further assessment. Case-Laws Income Tax Mon, 27 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339631