https://www.taxtmi.com/caselaws?id=754758 The Tribunal ruled in favor of the assessee, a property development company, by deleting the additions of Rs. 93,300 and Rs. 1,27,85,800. The Tribunal found the first addition unsustainable due to a minor 2.5% difference in property value and recognized the second as tax-neutral, preventing double taxation. The appeal was allowed, underscoring the importance of tax neutrality and equitable taxation. en-us Thu, 27 Jun 2024 00:00:00 +0530 Sat, 29 Jun 2024 09:02:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754758 The Tribunal ruled in favor of the assessee, a property development company, by deleting the additions of Rs. 93,300 and Rs. 1,27,85,800. The Tribunal found the first addition unsustainable due to a minor 2.5% difference in property value and recognized the second as tax-neutral, preventing double taxation. The appeal was allowed, underscoring the importance of tax neutrality and equitable taxation. Case-Laws Income Tax Thu, 27 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754758