https://www.taxtmi.com/caselaws?id=280115 The Tribunal dismissed the Revenue's appeals and partially allowed the assessee's appeals. The addition of Rs. 7,71,000/- as long-term capital gains was deleted as the surrender of tenancy rights did not attract Section 50C provisions. The deletion of Rs. 2,91,29,314/- on unexplained sales was upheld due to lack of incriminating material. The invocation of Section 153C based on documents not related to the assessment year was deemed invalid. The addition based on alleged on-money receipts was reduced to Rs. 8,90,000/-, and the notice issue under Section 143(2) was remanded for further verification. en-us Wed, 14 Jun 2017 00:00:00 +0530 Mon, 22 Apr 2019 07:19:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280115 The Tribunal dismissed the Revenue's appeals and partially allowed the assessee's appeals. The addition of Rs. 7,71,000/- as long-term capital gains was deleted as the surrender of tenancy rights did not attract Section 50C provisions. The deletion of Rs. 2,91,29,314/- on unexplained sales was upheld due to lack of incriminating material. The invocation of Section 153C based on documents not related to the assessment year was deemed invalid. The addition based on alleged on-money receipts was reduced to Rs. 8,90,000/-, and the notice issue under Section 143(2) was remanded for further verification. Case-Laws Income Tax Wed, 14 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280115