https://www.taxtmi.com/caselaws?id=775599 Section 50C cannot be invoked to treat investment in immovable property as unexplained, because the deeming fiction applies only to transfer of land or building for determining consideration. Where the addition under section 144 rested solely on this inapplicable provision, the foundation for the addition failed and could not be sustained. The impugned addition was deleted, and the assessee succeeded on the issue. en-us Tue, 03 Jun 2025 00:00:00 +0530 Mon, 28 Jul 2025 08:27:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775599 Section 50C cannot be invoked to treat investment in immovable property as unexplained, because the deeming fiction applies only to transfer of land or building for determining consideration. Where the addition under section 144 rested solely on this inapplicable provision, the foundation for the addition failed and could not be sustained. The impugned addition was deleted, and the assessee succeeded on the issue. Case-Laws Income Tax Tue, 03 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775599