https://www.taxtmi.com/caselaws?id=775599 The ITAT Delhi held that invoking section 50C to treat the assessee's investment in immovable property as unexplained was incorrect. Section 50C applies only to cases involving sale or transfer of land and buildings, not to investments made therein. Consequently, the addition made on this basis was deleted, and the assessee's appeal was allowed. en-us Tue, 03 Jun 2025 00:00:00 +0530 Mon, 28 Jul 2025 08:27:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775599 The ITAT Delhi held that invoking section 50C to treat the assessee's investment in immovable property as unexplained was incorrect. Section 50C applies only to cases involving sale or transfer of land and buildings, not to investments made therein. Consequently, the addition made on this basis was deleted, and the assessee's appeal was allowed. Case-Laws Income Tax Tue, 03 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775599