Sec. 69 Applies Even Without Books, But Proof Needed – Property Cash Investment Dispute Remanded

Chanda Singh Vs ACIT (ITAT Patna)

Books Not Mandatory for Sec. 69, But Proof Essential – Property Purchase Cash Portion Disputed – ITAT Patna Remands for Seller Cross-Examination

Patna Tribunal considered whether addition u/s 69 for unexplained investment could stand when Assessee was not required to maintain books of account.

Assessee, wife of Shri Uma Kant Singh of the Uma Kant Singh Group, was subjected to proceedings u/s 153C following search & seizure operations on the group. During post-search inquiry, it was found that she had invested ₹38,15,000

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