https://www.taxtmi.com/caselaws?id=427573 The Tribunal partly allowed the appeal, remitting various issues back to the AO for fresh verification and decision in accordance with the law. The Tribunal emphasized the importance of proper documentation and compliance with legal provisions, directing the assessee to provide relevant details for unexplained cash deposits and expenses related to long-term capital gains. The disallowance of deduction under Section 54B was upheld due to failure to meet the statutory requirements. Additional grounds regarding surcharge, interest, and education cess were considered consequential and did not warrant separate adjudication. en-us Fri, 09 Sep 2022 00:00:00 +0530 Mon, 12 Sep 2022 10:14:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427573 The Tribunal partly allowed the appeal, remitting various issues back to the AO for fresh verification and decision in accordance with the law. The Tribunal emphasized the importance of proper documentation and compliance with legal provisions, directing the assessee to provide relevant details for unexplained cash deposits and expenses related to long-term capital gains. The disallowance of deduction under Section 54B was upheld due to failure to meet the statutory requirements. Additional grounds regarding surcharge, interest, and education cess were considered consequential and did not warrant separate adjudication. Case-Laws Income Tax Fri, 09 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427573