Co-Ownership with PArents Not Enough for Unexplained Investment Addition: ITAT Mumbai

Parveen Parvez Motlekar Vs Assessment Unit Income Tax Department (ITAT Mumbai) The appeal before the Income Tax Appellate Tribunal Mumbai concerned an assessee challenging an order dated 19.06.2025 passed by the National Faceless Appeal Centre under Section 250 of the Income Tax Act, 1961 for Assessment Year 2015–16. The appeal raised multiple grounds, including the validity of reassessment proceedings under Section 148, additions under Section 69 for unexplained investment, and additions under Section 56(2)(vii)(b)(ii) relating to immovable property. Ground No. 1, which challenged the valid...