https://www.taxtmi.com/caselaws?id=354365 The Appellate Tribunal upheld the CIT(A)'s decision to reduce the Long Term Capital Gain (LTCG) addition from Rs. 65,73,500 to Rs. 43,67,720 for the assessment year 2009-2010. The Tribunal also affirmed the CIT(A)'s adjustment of the unexplained bank deposit under section 69 of the IT Act, 1961, from Rs. 47,77,500 to Rs. 24,00,000. Both the Revenue's appeal and the assessee's cross objection were dismissed, with the judgments pronounced on January 17, 2018, at Raipur. en-us Wed, 17 Jan 2018 00:00:00 +0530 Thu, 25 Jan 2018 09:53:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354365 The Appellate Tribunal upheld the CIT(A)'s decision to reduce the Long Term Capital Gain (LTCG) addition from Rs. 65,73,500 to Rs. 43,67,720 for the assessment year 2009-2010. The Tribunal also affirmed the CIT(A)'s adjustment of the unexplained bank deposit under section 69 of the IT Act, 1961, from Rs. 47,77,500 to Rs. 24,00,000. Both the Revenue's appeal and the assessee's cross objection were dismissed, with the judgments pronounced on January 17, 2018, at Raipur. Case-Laws Income Tax Wed, 17 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354365