https://www.taxtmi.com/caselaws?id=403295 Funds used to purchase property were traced through bank records to compensation received on acquisition of an earlier property by BMRCL, and the compensation had been disclosed by the assessee. On those facts, the payment was not an unexplained investment, so the section 69 addition was deleted. The compensation received for the compulsory acquisition was also reflected in Form 26AS and supported by TDS credit, and, applying CBDT Circular No. 36/2016, it was treated as not taxable as capital gain under the Income-tax Act, 1961. Both additions were therefore set aside in favour of the assessee. en-us Fri, 22 Jan 2021 00:00:00 +0530 Fri, 22 Jan 2021 17:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403295 Funds used to purchase property were traced through bank records to compensation received on acquisition of an earlier property by BMRCL, and the compensation had been disclosed by the assessee. On those facts, the payment was not an unexplained investment, so the section 69 addition was deleted. The compensation received for the compulsory acquisition was also reflected in Form 26AS and supported by TDS credit, and, applying CBDT Circular No. 36/2016, it was treated as not taxable as capital gain under the Income-tax Act, 1961. Both additions were therefore set aside in favour of the assessee. Case-Laws Income Tax Fri, 22 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403295