https://www.taxtmi.com/caselaws?id=350437 The Tribunal upheld the Assessing Officer's decision to assess short term capital gain on the sale of land, rejecting the appellant's argument for considering additional payments in the computation. The rejection of the claim for payment made to vacate the property was based on doubts regarding the authenticity of the payments, as recipients denied receiving compensation. The source of funds for compensation was questioned due to insufficient evidence of borrowed funds. The Tribunal stressed the need for proper verification and evidence in property transaction claims, allowing the appeal for statistical purposes. en-us Tue, 31 Oct 2017 00:00:00 +0530 Mon, 06 Nov 2017 08:49:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350437 The Tribunal upheld the Assessing Officer's decision to assess short term capital gain on the sale of land, rejecting the appellant's argument for considering additional payments in the computation. The rejection of the claim for payment made to vacate the property was based on doubts regarding the authenticity of the payments, as recipients denied receiving compensation. The source of funds for compensation was questioned due to insufficient evidence of borrowed funds. The Tribunal stressed the need for proper verification and evidence in property transaction claims, allowing the appeal for statistical purposes. Case-Laws Income Tax Tue, 31 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350437