https://www.taxtmi.com/caselaws?id=445608 The ITAT Ahmedabad remanded the capital gains issue back to the AO for proper distance measurement from appropriate authorities, as neither the Revenue's reliance on AUDA inclusion nor the assessee's Google Map measurements were deemed authentic for determining if agricultural land qualified as capital asset under section 2(14)(iii). The Tribunal upheld CIT(A)'s deletion of unexplained cash deposit additions under section 68, finding the assessee provided adequate explanations with supporting documentation including confirmations, bank statements, and income returns from depositors, establishing genuineness and creditworthiness of the transactions. en-us Tue, 07 Nov 2023 00:00:00 +0530 Fri, 10 Nov 2023 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445608 The ITAT Ahmedabad remanded the capital gains issue back to the AO for proper distance measurement from appropriate authorities, as neither the Revenue's reliance on AUDA inclusion nor the assessee's Google Map measurements were deemed authentic for determining if agricultural land qualified as capital asset under section 2(14)(iii). The Tribunal upheld CIT(A)'s deletion of unexplained cash deposit additions under section 68, finding the assessee provided adequate explanations with supporting documentation including confirmations, bank statements, and income returns from depositors, establishing genuineness and creditworthiness of the transactions. Case-Laws Income Tax Tue, 07 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445608