https://www.taxtmi.com/caselaws?id=754601 ITAT Delhi dismissed revenue's appeal in a case involving capital gains calculation and unexplained unsecured loans. Regarding capital gains, the assessee claimed property was purchased in FY 2005-06, not FY 2008-09 as determined by AO based on sale deed date. AO partially accepted assessee's contentions in remand proceedings, and CIT(A) granted relief based on remand report. ITAT held revenue was precluded from further appeal once relief was granted on remand report. On Section 68 addition for unexplained loans, ITAT found assessee's submissions acceptable after verification of additional evidence including bank statements and ITR, confirming loans received through banking channels with proper opening balances. en-us Fri, 19 Jan 2024 00:00:00 +0530 Thu, 27 Jun 2024 08:55:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754601 ITAT Delhi dismissed revenue's appeal in a case involving capital gains calculation and unexplained unsecured loans. Regarding capital gains, the assessee claimed property was purchased in FY 2005-06, not FY 2008-09 as determined by AO based on sale deed date. AO partially accepted assessee's contentions in remand proceedings, and CIT(A) granted relief based on remand report. ITAT held revenue was precluded from further appeal once relief was granted on remand report. On Section 68 addition for unexplained loans, ITAT found assessee's submissions acceptable after verification of additional evidence including bank statements and ITR, confirming loans received through banking channels with proper opening balances. Case-Laws Income Tax Fri, 19 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754601