https://www.taxtmi.com/highlights?id=56181 Unexplained investment - Addition u/s 69/69B - An agreement even itself will not be enforceable in the eyes of law unless character of the land is changed viz. it is being converted into new tenure and such conversion is depended upon the payment of premium to the Government, and sanction from the Government. In these situations, it is difficult to infer that the assessee would pay on-money before such incident of conversion happen. This was the positive evidence produced by the assessees for rebutting the belief formed by the AO - CIT(A) rightly deleted the additions - AT en-us Mon, 04 Jan 2021 11:50:22 +0530 Mon, 04 Jan 2021 11:50:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56181 Unexplained investment - Addition u/s 69/69B - An agreement even itself will not be enforceable in the eyes of law unless character of the land is changed viz. it is being converted into new tenure and such conversion is depended upon the payment of premium to the Government, and sanction from the Government. In these situations, it is difficult to infer that the assessee would pay on-money before such incident of conversion happen. This was the positive evidence produced by the assessees for rebutting the belief formed by the AO - CIT(A) rightly deleted the additions - AT Highlights Income Tax Mon, 04 Jan 2021 11:50:22 +0530 https://www.taxtmi.com/highlights?id=56181