ITAT Ahmedabad Remands Case on Unexplained Investments to AO

Vandana Dipakbhai Parmar Vs ACIT (ITAT Ahmedabad) In the case of Vandana Dipakbhai Parmar vs. ACIT (ITAT Ahmedabad), the Assessee challenged the addition of ₹18,19,630 made under Section 69 of the Income-tax Act, 1961, for the Assessment Year 2018-19. The Assessing Officer (AO) had determined the total income by adding unexplained investments in immovable property (₹13,17,955) and shares (₹5,01,672). The additions were upheld by the Commissioner of Income-tax (Appeals) [CIT(A)] as the Assessee failed to provide sufficient evidence to explain the sources of these investments. Subsequently...