https://www.taxtmi.com/caselaws?id=444146 The Tribunal upheld the Ld. Commissioner of Income-Tax(A)'s decision to reduce the unexplained investment in land and short-term capital gain amounts, dismissing the Revenue's appeal. The Ld. CIT(A) verified purchase deeds and evidence provided by the assessee, resulting in the reduction of the investment and capital gain figures. The Tribunal found no basis for the investment in one land piece and adjusted the cost of acquisition accordingly. en-us Wed, 09 Aug 2023 00:00:00 +0530 Tue, 10 Oct 2023 08:30:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444146 The Tribunal upheld the Ld. Commissioner of Income-Tax(A)'s decision to reduce the unexplained investment in land and short-term capital gain amounts, dismissing the Revenue's appeal. The Ld. CIT(A) verified purchase deeds and evidence provided by the assessee, resulting in the reduction of the investment and capital gain figures. The Tribunal found no basis for the investment in one land piece and adjusted the cost of acquisition accordingly. Case-Laws Income Tax Wed, 09 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444146