https://www.taxtmi.com/caselaws?id=285318 The tribunal upheld the assessment order, disallowing the purchase value of shares and bank charges due to non-genuine transactions. The disallowance of investment in house property under Section 54F was upheld as the appellant failed to meet the statutory conditions. The interest charges under Sections 234B and 234C were also upheld. The tribunal dismissed the appeals for both assessment years, affirming the disallowances and interest charges, citing lack of evidence and tax evasion through non-genuine transactions. The orders of the CIT(Appeals) were upheld, and the appeals were dismissed. en-us Wed, 24 Aug 2016 00:00:00 +0530 Wed, 08 Jan 2020 07:09:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285318 The tribunal upheld the assessment order, disallowing the purchase value of shares and bank charges due to non-genuine transactions. The disallowance of investment in house property under Section 54F was upheld as the appellant failed to meet the statutory conditions. The interest charges under Sections 234B and 234C were also upheld. The tribunal dismissed the appeals for both assessment years, affirming the disallowances and interest charges, citing lack of evidence and tax evasion through non-genuine transactions. The orders of the CIT(Appeals) were upheld, and the appeals were dismissed. Case-Laws Income Tax Wed, 24 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285318