https://www.taxtmi.com/caselaws?id=311903 The tribunal allowed the Revenue's appeal for statistical purposes, directing the Assessing Officer to re-examine the case. The CIT(A) had previously accepted new evidence under Rule 46A related to land sales and gifts, leading to the deletion of additions under Section 68 for unexplained cash credits. The tribunal emphasized the need for a detailed investigation into the ownership of land, sale transactions, and retention of funds, ensuring a comprehensive assessment based on all relevant evidence and legal considerations. en-us Fri, 19 Jul 2013 00:00:00 +0530 Sat, 20 Jan 2024 11:17:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311903 The tribunal allowed the Revenue's appeal for statistical purposes, directing the Assessing Officer to re-examine the case. The CIT(A) had previously accepted new evidence under Rule 46A related to land sales and gifts, leading to the deletion of additions under Section 68 for unexplained cash credits. The tribunal emphasized the need for a detailed investigation into the ownership of land, sale transactions, and retention of funds, ensuring a comprehensive assessment based on all relevant evidence and legal considerations. Case-Laws Income Tax Fri, 19 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311903