ITAT Delhi Remands ₹61 Lakh Property Addition – Additional Evidence Admitted Under Rule 29

Ravinder Kaur Bhasin Vs ACIT/NFAC (ITAT Delhi)

Assessee appealed against the NFAC order dated 30.12.2024 confirming an addition of ₹61,00,000 u/s 69 as unexplained investment towards property purchase. The assessment had been reopened u/s 147 on information that Assessee purchased an immovable property of the said value but failed to file a return or respond to notices. AO, finding no compliance, made the addition & completed the assessment u/s 144/147.

Before Tribunal, Assessee contended that both AO & CIT(A) ignored documentary evidence showing that the investmen

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