https://www.taxtmi.com/caselaws?id=781420 ITAT upheld CIT(A)'s deletions and dismissed the Revenue's appeal, holding that additions based solely on an "Estimated Cost" document were unsustainable. The Tribunal found the estimate incapable of proving actual investment or escaped income absent corroborative evidence; registered sale deeds and absence of any executed agreements to sell undermined the AO's findings, which were based on conjecture. Additions for land purchases and alleged unexplained interest payments under section 69C were deleted because the AO failed to produce concrete documentary proof or trace payments, and accepted book results were properly relied upon. en-us Mon, 07 Jul 2025 00:00:00 +0530 Fri, 14 Nov 2025 15:28:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781420 ITAT upheld CIT(A)'s deletions and dismissed the Revenue's appeal, holding that additions based solely on an "Estimated Cost" document were unsustainable. The Tribunal found the estimate incapable of proving actual investment or escaped income absent corroborative evidence; registered sale deeds and absence of any executed agreements to sell undermined the AO's findings, which were based on conjecture. Additions for land purchases and alleged unexplained interest payments under section 69C were deleted because the AO failed to produce concrete documentary proof or trace payments, and accepted book results were properly relied upon. Case-Laws Income Tax Mon, 07 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781420