https://www.taxtmi.com/caselaws?id=198747 The Tribunal's decision to delete the additions on account of capital gains was upheld based on various key points, including the lack of concrete evidence of on-money payments and the unreliable nature of certain documents. The Tribunal also found that the disallowance under section 54B was unjustified due to the absence of proof of on-money transactions. Additionally, the Tribunal's non-decision on the addition under section 68 was supported by the lack of incriminating evidence or undisclosed investments found during the search. Consequently, all appeals were dismissed in favor of the assessee. en-us Tue, 19 Sep 2017 00:00:00 +0530 Sat, 24 Feb 2018 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198747 The Tribunal's decision to delete the additions on account of capital gains was upheld based on various key points, including the lack of concrete evidence of on-money payments and the unreliable nature of certain documents. The Tribunal also found that the disallowance under section 54B was unjustified due to the absence of proof of on-money transactions. Additionally, the Tribunal's non-decision on the addition under section 68 was supported by the lack of incriminating evidence or undisclosed investments found during the search. Consequently, all appeals were dismissed in favor of the assessee. Case-Laws Income Tax Tue, 19 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198747