https://www.taxtmi.com/caselaws?id=412613 The Tribunal upheld the CIT(A)'s decision on the taxation of 2/3 share of land under capital gains and allowed the deduction of development charges and premium FSI charges as cost of improvement. The Tribunal deleted the additions made by the AO for unexplained bank deposits for both A.Y. 2013-14 and A.Y. 2014-15, finding the assessee's explanations satisfactory. The appeals of the revenue were dismissed, and the cross appeals of the assessee were allowed. en-us Fri, 17 Sep 2021 00:00:00 +0530 Wed, 22 Sep 2021 08:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412613 The Tribunal upheld the CIT(A)'s decision on the taxation of 2/3 share of land under capital gains and allowed the deduction of development charges and premium FSI charges as cost of improvement. The Tribunal deleted the additions made by the AO for unexplained bank deposits for both A.Y. 2013-14 and A.Y. 2014-15, finding the assessee's explanations satisfactory. The appeals of the revenue were dismissed, and the cross appeals of the assessee were allowed. Case-Laws Income Tax Fri, 17 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412613