https://www.taxtmi.com/caselaws?id=420671 The Income Tax Appellate Tribunal (ITAT) dismissed the appeal, upholding the decisions of the Assessing Officer (AO) and Commissioner of Income Tax (Appeals) on all grounds. The addition of Rs. 5,09,120/- under Section 68 as unexplained cash credits, disallowance of indexed cost of improvement amounting to Rs. 24,47,045/- while computing capital gain/loss on the sale of house property, and non-allowance of indexed cost of furniture and fixtures were all affirmed based on discrepancies in the assessee's claims and legal precedents cited. en-us Fri, 01 Apr 2022 00:00:00 +0530 Thu, 07 Apr 2022 10:01:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420671 The Income Tax Appellate Tribunal (ITAT) dismissed the appeal, upholding the decisions of the Assessing Officer (AO) and Commissioner of Income Tax (Appeals) on all grounds. The addition of Rs. 5,09,120/- under Section 68 as unexplained cash credits, disallowance of indexed cost of improvement amounting to Rs. 24,47,045/- while computing capital gain/loss on the sale of house property, and non-allowance of indexed cost of furniture and fixtures were all affirmed based on discrepancies in the assessee's claims and legal precedents cited. Case-Laws Income Tax Fri, 01 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420671