https://www.taxtmi.com/caselaws?id=55811 Contemporaneous books, affidavits and surrounding circumstances supported the assessee's explanations for household expenses, opening cash balance, co-operative society payments, gold ornaments and a later-year investment entry, and the Revenue brought no cogent rebuttal. An unsigned agreement to sell had no evidentiary value for capital gains computation; the registered conveyance and accepted cost records were preferred. On this material, the disputed additions for unexplained expenditure, unexplained investment and incorrect capital gains computation were not sustainable and were deleted. en-us Mon, 30 Apr 1979 00:00:00 +0530 Tue, 30 Nov 2010 12:36:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55811 Contemporaneous books, affidavits and surrounding circumstances supported the assessee's explanations for household expenses, opening cash balance, co-operative society payments, gold ornaments and a later-year investment entry, and the Revenue brought no cogent rebuttal. An unsigned agreement to sell had no evidentiary value for capital gains computation; the registered conveyance and accepted cost records were preferred. On this material, the disputed additions for unexplained expenditure, unexplained investment and incorrect capital gains computation were not sustainable and were deleted. Case-Laws Income Tax Mon, 30 Apr 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55811