https://www.taxtmi.com/caselaws?id=441836 The Tribunal determined that Flat No. C-3501 was allotted on 31.10.2015, classifying the capital gain as Short Term Capital Gain (STCG) due to a holding period of less than 36 months. Interest paid on a loan was not included in the cost of acquisition. An unexplained investment under Section 69B was added by the Assessing Officer, which was partially upheld by the Tribunal for further verification. Additions under Sections 56(2)(vii) and 69A were deleted. The Tribunal upheld the CIT(A)'s decision on most issues, except for the unexplained investment, which was sent back to the AO for review. en-us Mon, 31 Jul 2023 00:00:00 +0530 Thu, 17 Aug 2023 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441836 The Tribunal determined that Flat No. C-3501 was allotted on 31.10.2015, classifying the capital gain as Short Term Capital Gain (STCG) due to a holding period of less than 36 months. Interest paid on a loan was not included in the cost of acquisition. An unexplained investment under Section 69B was added by the Assessing Officer, which was partially upheld by the Tribunal for further verification. Additions under Sections 56(2)(vii) and 69A were deleted. The Tribunal upheld the CIT(A)'s decision on most issues, except for the unexplained investment, which was sent back to the AO for review. Case-Laws Income Tax Mon, 31 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441836