https://www.taxtmi.com/caselaws?id=408200 The Tribunal upheld the CIT(A)'s decision to add Rs. 14.90 lakhs to the assessee's income as the unutilized capital gains amount was not invested within the statutory period. The Tribunal found that despite citing judicial precedents, the assessee's failure to utilize the funds within the required timeframe warranted the addition. The appeal by the assessee was dismissed, affirming the taxability of the unutilized capital gains amount. en-us Fri, 28 May 2021 00:00:00 +0530 Thu, 03 Jun 2021 13:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408200 The Tribunal upheld the CIT(A)'s decision to add Rs. 14.90 lakhs to the assessee's income as the unutilized capital gains amount was not invested within the statutory period. The Tribunal found that despite citing judicial precedents, the assessee's failure to utilize the funds within the required timeframe warranted the addition. The appeal by the assessee was dismissed, affirming the taxability of the unutilized capital gains amount. Case-Laws Income Tax Fri, 28 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408200