Tribunal Deletes ₹1.19 Cr Addition: Land Purchase Funded by Father’s Sale Proceeds

Dharvinder Singh Vs CIT(A) (ITAT Chandigarh) Tribunal Deletes ₹1.19 Cr Addition – Land Purchase Funded by Father’s Sale Proceeds- Tribunal Accepts Evidence of Joint Bank Account & Sale Deeds- Unexplained Investment Addition Quashed – Tribunal Finds AO Failed to Verify Evidence Assessee challenged the order of CIT(A) confirming addition of ₹1,19,92,350/- relating to purchase of immovable property. Assessee had not filed return for AY 2018-19. Based on information from Insight Portal, AO noticed that he purchased land worth ₹1.13 crore on 08.02.2018. Reassessment u/s 148 was init...