High Court ruled that an AO's failure to determine if a unit sale was a slump sale (S.50B) or short-term capital gain (S.50) made the assessment erroneous and reversible under Section ...

Dismissing Revenue’s appeal, the Tribunal held that the assessee’s ₹1.9 crore FDR was a renewal of an earlier deposit used as bank guarantee security and not a new unexplained investment under Section ...