Case Law Details
Case Name : Kamalbhai Babulal Kahar Vs ITO (ITAT Ahmedabad)
Appeal Number : ITA No. 1011/Ahd/2024
Date of Judgement/Order : 21/11/2024
Related Assessment Year : 2014-15
Courts :
All ITAT ITAT Ahmedabad
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Kamalbhai Babulal Kahar Vs ITO (ITAT Ahmedabad)
ITAT Ahmedabad held that addition u/s. 69 of the Income Tax Act towards unexplained investment unsustainable since assessee had explained the source of investment in FDs as being from his FD/OD account. Accordingly, matter remanded to CIT(A) for fresh adjudication.
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