https://www.taxtmi.com/caselaws?id=287273 Documentary evidence showing PAN, confirmations, bank statements, audited accounts and repayment details established the lender's identity, creditworthiness and transaction genuineness, so the loan was not treated as unexplained and the related interest disallowance failed. A redevelopment agreement did not amount to a transfer of tenancy rights where the tenant retained possession until alternate accommodation was provided; in the absence of a transfer under section 2(47), section 50C could not be invoked and the capital gains addition was deleted. House property income estimated by the lower authorities was sustained because no material displaced the factual basis of that estimate. en-us Thu, 20 Jun 2019 00:00:00 +0530 Tue, 07 Apr 2020 09:56:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287273 Documentary evidence showing PAN, confirmations, bank statements, audited accounts and repayment details established the lender's identity, creditworthiness and transaction genuineness, so the loan was not treated as unexplained and the related interest disallowance failed. A redevelopment agreement did not amount to a transfer of tenancy rights where the tenant retained possession until alternate accommodation was provided; in the absence of a transfer under section 2(47), section 50C could not be invoked and the capital gains addition was deleted. House property income estimated by the lower authorities was sustained because no material displaced the factual basis of that estimate. Case-Laws Income Tax Thu, 20 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287273