Case Law Details
Rukshana Begum Vs ITO (ITAT Delhi)
The crux of the appeal lies in understanding whether funds invested for a spouse’s financial security, in this case, an investment made by a husband for his wife, can be considered unexplained. The appellant, Rukshana Begum, argued that the investment was made out of explainable funds. The case’s primary grounds of appeal revolve around errors in law, facts, and misinterpretation of surrounding circumstances that led to the dismissal of the appeal by the Ld. CIT(A).
The ITAT analyzed whether the amount, considered an unexplained investment by the assessing officer (AO), should indeed be categorized as such. The ITAT found that the husband’s contribution to his wife’s financial security in old age, funded by explained sources, should not be deemed an unexplained investment.
FULL TEXT OF THE ORDER OF ITAT DELHI
1. This is an appeal filed by the assessee against the order of the ld CIT(A)-2, Noida dated 30.03.2018 for Assessment Year 2008-09.
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