https://www.taxtmi.com/caselaws?id=381324 The Appellate Tribunal upheld the CIT(A)'s decision to allow the deduction u/s. 54F based on evidence provided by a civil contractor, finding the documents sufficiently proved the expenditure for building a residential house. The Tribunal also upheld the deletion of the addition of unaccounted cash credit under section 68, noting the lack of concrete evidence or verification by the Assessing Officer. The Tribunal emphasized the revenue's failure to establish the receipt of unaccounted money, leading to the dismissal of the revenue's appeal. The decisions were affirmed, and the appeal was dismissed on 6th June 2019. en-us Thu, 06 Jun 2019 00:00:00 +0530 Fri, 07 Jun 2019 18:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381324 The Appellate Tribunal upheld the CIT(A)'s decision to allow the deduction u/s. 54F based on evidence provided by a civil contractor, finding the documents sufficiently proved the expenditure for building a residential house. The Tribunal also upheld the deletion of the addition of unaccounted cash credit under section 68, noting the lack of concrete evidence or verification by the Assessing Officer. The Tribunal emphasized the revenue's failure to establish the receipt of unaccounted money, leading to the dismissal of the revenue's appeal. The decisions were affirmed, and the appeal was dismissed on 6th June 2019. Case-Laws Income Tax Thu, 06 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381324