ITAT Deletes ₹1.10 Crore Addition as Property Payment Was Directly Made by Father

Sameena Shamsuddin Sayed Vs ITO (ITAT Mumbai) The appeal was filed by the assessee against the order of the Commissioner of Income Tax (Appeals), NFAC, Delhi, arising from an assessment framed under Sections 147, 144 and 144B of the Income Tax Act, 1961 for Assessment Year 2016-17. The dispute concerned an addition of ₹1.10 crore made under Section 69 by treating the investment in an immovable property as unexplained investment, as well as the dismissal of the assessee’s appeal by the CIT(A) on account of a delay of 79 days. The assessee was an individual woman residing in Mumbai and was a...