https://www.taxtmi.com/caselaws?id=379904 The High Court upheld the Tribunal's decision to delete an addition made under section 69B of the Income Tax Act. The Court found that the Assessing Officer failed to provide sufficient evidence of unexplained investments, and the application of section 50C for valuation was not applicable to the buyer in this case. The Court dismissed the appeal, stating that no substantial legal questions were raised, and affirmed the Tribunal's decision. en-us Mon, 08 Apr 2019 00:00:00 +0530 Wed, 08 May 2019 14:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379904 The High Court upheld the Tribunal's decision to delete an addition made under section 69B of the Income Tax Act. The Court found that the Assessing Officer failed to provide sufficient evidence of unexplained investments, and the application of section 50C for valuation was not applicable to the buyer in this case. The Court dismissed the appeal, stating that no substantial legal questions were raised, and affirmed the Tribunal's decision. Case-Laws Income Tax Mon, 08 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379904