https://www.taxtmi.com/caselaws?id=777736 ITAT AHMEDABAD - AT allowed the appeal, holding that the transfer of a constructed flat was not undisclosed income but part payment of the purchase consideration for land. On examining the registered sale deed and documents, the tribunal found the flat's transfer discharged acquisition cost of the land and did not constitute a separate sale or taxable receipt under "income from other sources." The amount therefore represented cost of acquisition and was not assessable as undisclosed income. en-us Mon, 25 Aug 2025 00:00:00 +0530 Thu, 04 Sep 2025 08:40:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777736 ITAT AHMEDABAD - AT allowed the appeal, holding that the transfer of a constructed flat was not undisclosed income but part payment of the purchase consideration for land. On examining the registered sale deed and documents, the tribunal found the flat's transfer discharged acquisition cost of the land and did not constitute a separate sale or taxable receipt under "income from other sources." The amount therefore represented cost of acquisition and was not assessable as undisclosed income. Case-Laws Income Tax Mon, 25 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777736