https://www.taxtmi.com/caselaws?id=772606 ITAT Delhi dismissed assessee's appeal regarding unexplained cash deposits, upholding CIT(A)'s deletion of addition under section 69 as source of fixed deposits was properly verified through bank statements. For capital gains on commercial properties, ITAT sustained disallowance of improvement costs due to lack of evidence despite property being acquired in 1988-89. However, ITAT ruled capital gain from flat sale should be treated as long-term since property was held over 36 months from allotment date, directing AO to recompute indexed cost based on payment schedule. en-us Fri, 06 Jun 2025 00:00:00 +0530 Wed, 11 Jun 2025 08:36:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772606 ITAT Delhi dismissed assessee's appeal regarding unexplained cash deposits, upholding CIT(A)'s deletion of addition under section 69 as source of fixed deposits was properly verified through bank statements. For capital gains on commercial properties, ITAT sustained disallowance of improvement costs due to lack of evidence despite property being acquired in 1988-89. However, ITAT ruled capital gain from flat sale should be treated as long-term since property was held over 36 months from allotment date, directing AO to recompute indexed cost based on payment schedule. Case-Laws Income Tax Fri, 06 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772606