https://www.taxtmi.com/caselaws?id=294936 The Tribunal upheld the CIT(A)'s decisions, dismissing the Revenue's appeal. The addition on account of accommodation entry was deleted as the assessee provided sufficient evidence that the transaction was genuine. The addition on account of LTCG was also deleted because the total sale consideration exceeded the stamp duty valuation, and Section 50C was deemed inapplicable to leasehold rights. en-us Wed, 06 Feb 2019 00:00:00 +0530 Tue, 11 May 2021 08:35:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294936 The Tribunal upheld the CIT(A)'s decisions, dismissing the Revenue's appeal. The addition on account of accommodation entry was deleted as the assessee provided sufficient evidence that the transaction was genuine. The addition on account of LTCG was also deleted because the total sale consideration exceeded the stamp duty valuation, and Section 50C was deemed inapplicable to leasehold rights. Case-Laws Income Tax Wed, 06 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294936