https://www.taxtmi.com/caselaws?id=360187 The Tribunal allowed the assessee's appeal in part. The addition under Section 50C for Short Term Capital Gain was deleted as it did not exceed 10% of the stamp duty valuation. However, the ad-hoc disallowance of expenses was upheld due to potential personal elements. The restriction of TDS credit was maintained, aligning with the principle that TDS credit should correspond to the year the income is offered for tax, as per Rule 37BA(3)(i) and judicial precedents. en-us Wed, 09 May 2018 00:00:00 +0530 Thu, 10 May 2018 14:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360187 The Tribunal allowed the assessee's appeal in part. The addition under Section 50C for Short Term Capital Gain was deleted as it did not exceed 10% of the stamp duty valuation. However, the ad-hoc disallowance of expenses was upheld due to potential personal elements. The restriction of TDS credit was maintained, aligning with the principle that TDS credit should correspond to the year the income is offered for tax, as per Rule 37BA(3)(i) and judicial precedents. Case-Laws Income Tax Wed, 09 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360187