https://www.taxtmi.com/caselaws?id=390788 The Appellate Tribunal ITAT Surat ruled in favor of the Assessee, deleting the addition of Rs. 25,52,780 for unaccounted investment in land. The Tribunal emphasized the importance of concrete evidence and the presumption of correctness attached to a registered sale deed, stating that additions cannot be based solely on suspicions. The decision was based on discrepancies in the seller's statement and lack of convincing evidence provided by the Revenue to challenge the sale deed's contents. en-us Fri, 13 Dec 2019 00:00:00 +0530 Sat, 11 Jan 2020 07:12:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390788 The Appellate Tribunal ITAT Surat ruled in favor of the Assessee, deleting the addition of Rs. 25,52,780 for unaccounted investment in land. The Tribunal emphasized the importance of concrete evidence and the presumption of correctness attached to a registered sale deed, stating that additions cannot be based solely on suspicions. The decision was based on discrepancies in the seller's statement and lack of convincing evidence provided by the Revenue to challenge the sale deed's contents. Case-Laws Income Tax Fri, 13 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390788