https://www.taxtmi.com/caselaws?id=194991 The High Court dismissed two appeals under Section 260A of the Income Tax Act, 1961 filed by the Department against the Tribunal's decision. The Court upheld the Tribunal's findings in favor of the assessee regarding the retraction of the seller's statement and the source of funds for land purchase. It was concluded that no substantial question of law arose, as the assessing officer's additions lacked a proper basis and evidence did not support the Department's contentions. en-us Thu, 31 Jan 2008 00:00:00 +0530 Tue, 10 Oct 2017 12:34:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194991 The High Court dismissed two appeals under Section 260A of the Income Tax Act, 1961 filed by the Department against the Tribunal's decision. The Court upheld the Tribunal's findings in favor of the assessee regarding the retraction of the seller's statement and the source of funds for land purchase. It was concluded that no substantial question of law arose, as the assessing officer's additions lacked a proper basis and evidence did not support the Department's contentions. Case-Laws Income Tax Thu, 31 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194991