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Tribunal Deletes ₹1.19 Cr Addition: Land Purchase Funded by Father’s Sale Proceeds
Case Law Details
- Case Name
- Dharvinder Singh Vs CIT(A) (ITAT Chandigarh)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Chandigarh
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Dharvinder Singh Vs CIT(A) (ITAT Chandigarh)
Tribunal Deletes ₹1.19 Cr Addition – Land Purchase Funded by Father’s Sale Proceeds- Tribunal Accepts Evidence of Joint Bank Account & Sale Deeds- Unexplained Investment Addition Quashed – Tribunal Finds AO Failed to Verify Evidence
Assessee challenged the order of CIT(A) confirming addition of ₹1,19,92,350/- relating to purchase of immovable property.
Assessee had not filed return for AY 2018-19. Based on information from Insight Portal, AO noticed that he purchased land worth ₹1.13 crore on 08.02.2018. Reassessment...
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