https://www.taxtmi.com/caselaws?id=425132 The Tribunal upheld the decision to add Rs. 43 lakhs as unexplained credit in the assessee's capital account for the assessment year 2016-17. Despite the appellant's arguments regarding the sale of agricultural land, the Tribunal found insufficient evidence to support the claim, noting discrepancies in documentation and sale deed dates. The lower authorities' conclusions were affirmed, emphasizing the lack of concrete proof of receiving the full sale consideration, leading to the dismissal of the appeal and the inclusion of the amount in the assessee's income from other sources. en-us Thu, 14 Jul 2022 00:00:00 +0530 Sat, 16 Jul 2022 09:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425132 The Tribunal upheld the decision to add Rs. 43 lakhs as unexplained credit in the assessee's capital account for the assessment year 2016-17. Despite the appellant's arguments regarding the sale of agricultural land, the Tribunal found insufficient evidence to support the claim, noting discrepancies in documentation and sale deed dates. The lower authorities' conclusions were affirmed, emphasizing the lack of concrete proof of receiving the full sale consideration, leading to the dismissal of the appeal and the inclusion of the amount in the assessee's income from other sources. Case-Laws Income Tax Thu, 14 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425132