ITAT Deletes Unexplained Investment Addition, Considering Gift by Husband from Explained FundsITAT Deletes Unexplained Investment Addition, Considering Gift by Husband from Explained Funds

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).

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