https://www.taxtmi.com/caselaws?id=343037 The Tribunal dismissed both the Department's appeal and the assessee's cross-objection, upholding the CIT(A)'s decisions. The Tribunal emphasized the lack of incriminating evidence and supported the assessee's claims regarding the cost of acquisition and sale considerations. The Tribunal found that the additions made by the Assessing Officer lacked sufficient supporting evidence and were based on suspicions not independently corroborated, leading to the dismissal of the grounds raised. en-us Wed, 29 Mar 2017 00:00:00 +0530 Thu, 18 May 2017 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343037 The Tribunal dismissed both the Department's appeal and the assessee's cross-objection, upholding the CIT(A)'s decisions. The Tribunal emphasized the lack of incriminating evidence and supported the assessee's claims regarding the cost of acquisition and sale considerations. The Tribunal found that the additions made by the Assessing Officer lacked sufficient supporting evidence and were based on suspicions not independently corroborated, leading to the dismissal of the grounds raised. Case-Laws Income Tax Wed, 29 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343037