https://www.taxtmi.com/caselaws?id=370199 Unreconciled contract receipts reflected in Form 26AS were held to require fresh verification where the assessee claimed earlier accounting and receivables treatment, and the addition could be deleted if supported by evidence. For capital gains, the holding period of a flat was computed from the date of the registered agreement to sell, not possession, so the gain was treated as long-term and exemption for reinvestment in a residential house was allowed under a liberal reading of the provision. The unsecured loan and interest addition was also sent back for enquiry into the lender's identity, genuineness and creditworthiness. en-us Fri, 20 Jul 2018 00:00:00 +0530 Tue, 13 Nov 2018 07:48:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370199 Unreconciled contract receipts reflected in Form 26AS were held to require fresh verification where the assessee claimed earlier accounting and receivables treatment, and the addition could be deleted if supported by evidence. For capital gains, the holding period of a flat was computed from the date of the registered agreement to sell, not possession, so the gain was treated as long-term and exemption for reinvestment in a residential house was allowed under a liberal reading of the provision. The unsecured loan and interest addition was also sent back for enquiry into the lender's identity, genuineness and creditworthiness. Case-Laws Income Tax Fri, 20 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370199