https://www.taxtmi.com/caselaws?id=234002 The ITAT Kolkata upheld the deletion of the addition of Rs.18,65,190/- on account of undisclosed investment made by the assessee, jointly owned with her mother. The amount paid by the assessee on behalf of her mother was properly reflected in the books of accounts and later refunded, leading to the conclusion that the addition was unjustified. The tribunal found the ld. CIT(A)'s decision appropriate in considering the correlation between the investment and the amount paid on behalf of the mother, ultimately directing the AO to delete the addition from the assessee's income. en-us Mon, 13 May 2013 00:00:00 +0530 Fri, 24 May 2013 08:46:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234002 The ITAT Kolkata upheld the deletion of the addition of Rs.18,65,190/- on account of undisclosed investment made by the assessee, jointly owned with her mother. The amount paid by the assessee on behalf of her mother was properly reflected in the books of accounts and later refunded, leading to the conclusion that the addition was unjustified. The tribunal found the ld. CIT(A)'s decision appropriate in considering the correlation between the investment and the amount paid on behalf of the mother, ultimately directing the AO to delete the addition from the assessee's income. Case-Laws Income Tax Mon, 13 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234002