https://www.taxtmi.com/caselaws?id=372726 The Appellate Tribunal ITAT Chennai dismissed the stay petitions filed by the assessee, denying relief in recovering tax and interest for assessment years 2008-09 and 2009-2010. The Tribunal found discrepancies in the claims made by the assessee regarding capital gains, deposits in the bank account, and land classification, leading to the rejection of the prima facie case. The decision underscores the necessity of presenting coherent and credible evidence to support assertions in tax disputes for favorable legal outcomes. en-us Fri, 09 Nov 2018 00:00:00 +0530 Fri, 28 Dec 2018 07:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372726 The Appellate Tribunal ITAT Chennai dismissed the stay petitions filed by the assessee, denying relief in recovering tax and interest for assessment years 2008-09 and 2009-2010. The Tribunal found discrepancies in the claims made by the assessee regarding capital gains, deposits in the bank account, and land classification, leading to the rejection of the prima facie case. The decision underscores the necessity of presenting coherent and credible evidence to support assertions in tax disputes for favorable legal outcomes. Case-Laws Income Tax Fri, 09 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372726