https://www.taxtmi.com/caselaws?id=779001 ITAT MUMBAI - AT allowed Revenue's appeal, restoring an addition under s.68 relating to purchase price and commission expenses. The Tribunal held that the assessee had accepted undisclosed income under the Income Declaration Scheme, 2016, and the AO correctly made an addition equal to the difference between sale proceeds and the amount disclosed under IDS. The amount was not treated as long-term capital gain; the CIT(A)'s deletion of the addition was set aside. en-us Wed, 17 Sep 2025 00:00:00 +0530 Fri, 26 Sep 2025 08:26:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779001 ITAT MUMBAI - AT allowed Revenue's appeal, restoring an addition under s.68 relating to purchase price and commission expenses. The Tribunal held that the assessee had accepted undisclosed income under the Income Declaration Scheme, 2016, and the AO correctly made an addition equal to the difference between sale proceeds and the amount disclosed under IDS. The amount was not treated as long-term capital gain; the CIT(A)'s deletion of the addition was set aside. Case-Laws Income Tax Wed, 17 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779001