Joint Name in Sale Deed Irrelevant Without Contribution: ITAT Mumbai Deletes Rs. 1.76 Cr Addition

Poornima Sanjay Prabhu Vs ITO (ITAT Mumbai) ITAT Mumbai Deletes Rs.1.76 Cr Addition – Joint Name in Sale Deed Irrelevant Without Contribution- Mere Joint Registration Not Proof of Investment ITAT Mumbai deleted addition of Rs.1,76,16,200/- made u/s 69 towards alleged unexplained investment in a flat jointly purchased with husband. Tribunal held that assessee, an NRI homemaker with no income, had not contributed any funds & mere inclusion of her name in sale agreement could not justify taxing her The assessee, residing in UAE with her husband for over two decades, was a non-resident for A...