Unexplained investment addition in one co-owner unsustainable if no addition in other co-owners

Sanjaykumar Ramanbhai Patel Vs ITO (ITAT Surat) ITAT Surat held that addition as unexplained investment in the hands of one of the co-owner unsustainable as department didn’t made proportionate addition in the hands of other co-owners. Facts- During the course of assessment proceedings, it was noticed by AO that the assessee had purchased immovable property. It was noticed by AO that the assessee along with three other co-owners have purchased the said property for a consideration of Rs. 84,85,600/-. The assessee has not furnished any details of the property and source of investment. Accordi...