https://www.taxtmi.com/caselaws?id=795136 Long-term capital-gains addition on land sale was sustained because search material evidenced cash consideration exceeding the registered sale price, while the taxpayer did not establish that the land was agricultural land outside specified municipal limits and therefore excluded from capital-gains taxation. The assessment consequently remained enforceable for both registered and unrecorded consideration. Delay in filing the appeal was condoned on sufficient cause, as electronic communication of the appellate order to an ex-employee and former auditor occurred without the taxpayer's knowledge; however, the capital-gains addition was upheld. en-us Wed, 17 Jun 2026 00:00:00 +0530 Fri, 17 Jul 2026 08:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795136 Long-term capital-gains addition on land sale was sustained because search material evidenced cash consideration exceeding the registered sale price, while the taxpayer did not establish that the land was agricultural land outside specified municipal limits and therefore excluded from capital-gains taxation. The assessment consequently remained enforceable for both registered and unrecorded consideration. Delay in filing the appeal was condoned on sufficient cause, as electronic communication of the appellate order to an ex-employee and former auditor occurred without the taxpayer's knowledge; however, the capital-gains addition was upheld. Case-Laws Income Tax Wed, 17 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795136