https://www.taxtmi.com/caselaws?id=399908 The High Court of Gujarat dismissed the Revenue's appeal under Section 260A of the Income Tax Act, 1961, regarding the deletion of addition under section 69 for unexplained investment in land for Assessment Year 2012-2013. The Court upheld the findings of the CIT(A) and the Appellate Tribunal, emphasizing the lack of conclusive evidence to support the addition. The decision underscored the importance of concrete evidence in tax matters and the requirement to prove undisclosed investments beyond assumptions. en-us Thu, 17 Sep 2020 00:00:00 +0530 Thu, 22 Oct 2020 10:51:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399908 The High Court of Gujarat dismissed the Revenue's appeal under Section 260A of the Income Tax Act, 1961, regarding the deletion of addition under section 69 for unexplained investment in land for Assessment Year 2012-2013. The Court upheld the findings of the CIT(A) and the Appellate Tribunal, emphasizing the lack of conclusive evidence to support the addition. The decision underscored the importance of concrete evidence in tax matters and the requirement to prove undisclosed investments beyond assumptions. Case-Laws Income Tax Thu, 17 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399908