https://www.taxtmi.com/caselaws?id=800334 Section 68 applies only to sums credited in books maintained by the taxpayer; a bank passbook or account statement is not such books where no books are kept. Accordingly, the cash-deposit addition was removed. Claims for indexed conversion charges and other improvement costs require verification of evidence, timing, nature and nexus to the transferred land before capital-gains deduction. Claims concerning capital gains on property allegedly owned by a former spouse and foreign rental income must be examined when raised in DRP proceedings, even if absent from draft-order variations. A fresh Section 54F exemption claim lacking verified facts on investment, ownership and statutory conditions cannot be entertained at the Tribunal stage. en-us Wed, 23 Sep 2026 00:00:00 +0530 Mon, 05 Oct 2026 08:13:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800334 Section 68 applies only to sums credited in books maintained by the taxpayer; a bank passbook or account statement is not such books where no books are kept. Accordingly, the cash-deposit addition was removed. Claims for indexed conversion charges and other improvement costs require verification of evidence, timing, nature and nexus to the transferred land before capital-gains deduction. Claims concerning capital gains on property allegedly owned by a former spouse and foreign rental income must be examined when raised in DRP proceedings, even if absent from draft-order variations. A fresh Section 54F exemption claim lacking verified facts on investment, ownership and statutory conditions cannot be entertained at the Tribunal stage. Case-Laws Income Tax Wed, 23 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800334