https://www.taxtmi.com/caselaws?id=439963 Where the factual record is incomplete, additions cannot be finally sustained and the matter should be remanded for fresh assessment. The alleged short-term capital gain on transfer of a stone crusher unit required verification of the registered sale deed, the nature of the transaction, and whether it amounted to a completed transfer or slump sale; the issue was restored to the Assessing Officer for de novo adjudication. The additions relating to cash deposits and gift or other unexplained credits also depended on proper verification of source, prior taxation, identity, capacity, and genuineness; these issues were likewise sent back for fresh consideration after due inquiry and opportunity to the assessee. en-us Mon, 03 Jul 2023 00:00:00 +0530 Thu, 06 Jul 2023 07:57:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439963 Where the factual record is incomplete, additions cannot be finally sustained and the matter should be remanded for fresh assessment. The alleged short-term capital gain on transfer of a stone crusher unit required verification of the registered sale deed, the nature of the transaction, and whether it amounted to a completed transfer or slump sale; the issue was restored to the Assessing Officer for de novo adjudication. The additions relating to cash deposits and gift or other unexplained credits also depended on proper verification of source, prior taxation, identity, capacity, and genuineness; these issues were likewise sent back for fresh consideration after due inquiry and opportunity to the assessee. Case-Laws Income Tax Mon, 03 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439963