https://www.taxtmi.com/highlights?id=81073 Transfer of property deemed as short-term capital gain due to holding period less than 36 months, disallowing deduction u/s 54F. Additions for difference in commission payment and closing balances of parties deleted as TDS deducted and reasons for difference found reasonable. Cash freight payment disallowed u/s 40A(3). Additions for sales tax payment, penalty, and difference in sales tax turnover upheld. Cash deposits treated as unexplained credits u/s 68 due to lack of evidence regarding source and creditworthiness of parties. Partly allowed assessee's appeal. en-us Fri, 06 Sep 2024 08:20:06 +0530 Fri, 06 Sep 2024 08:20:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=81073 Transfer of property deemed as short-term capital gain due to holding period less than 36 months, disallowing deduction u/s 54F. Additions for difference in commission payment and closing balances of parties deleted as TDS deducted and reasons for difference found reasonable. Cash freight payment disallowed u/s 40A(3). Additions for sales tax payment, penalty, and difference in sales tax turnover upheld. Cash deposits treated as unexplained credits u/s 68 due to lack of evidence regarding source and creditworthiness of parties. Partly allowed assessee's appeal. Highlights Income Tax Fri, 06 Sep 2024 08:20:06 +0530 https://www.taxtmi.com/highlights?id=81073