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2015 (12) TMI 1226 - AT - Income TaxUnexplained capital gain ans sale proceeds - Held that:- Once Smt. Shardaben R. Patel has recognised the sale consideration by computing capital gain on transfer of the two flats and the return was filed before the search, then it has been demonstrated that source of the funds in purchasing two fixed deposits is the transfer of the two flats by Smt. Shardaben R. Patel. The assessee has discharged the onus before us also, and therefore, no addition can be made in purchase of fixed deposits. We allow this ground of appeal. Addition of ₹ 9,80,000 which is 50 per cent. of the sale proceeds along with interest considered in the hands of the assessee is deleted.
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