https://www.taxtmi.com/caselaws?id=239238 ITAT HYDERABAD - AT held that discrepancies in the assessee's claimed investment for purchase/construction of a house and unexplained dealings under an agreement required clarification, including why a contract with a construction company was not acted upon and why funds were transferred to a third party. The Tribunal reiterated that partial or not fully completed investments, including purchase of land for construction, can satisfy s.54F if the assessee proves date and amount of investment with evidence. Matter was restored for reconsideration and decided in favour of the assessee. en-us Fri, 26 Apr 2013 00:00:00 +0530 Wed, 01 Oct 2025 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239238 ITAT HYDERABAD - AT held that discrepancies in the assessee's claimed investment for purchase/construction of a house and unexplained dealings under an agreement required clarification, including why a contract with a construction company was not acted upon and why funds were transferred to a third party. The Tribunal reiterated that partial or not fully completed investments, including purchase of land for construction, can satisfy s.54F if the assessee proves date and amount of investment with evidence. Matter was restored for reconsideration and decided in favour of the assessee. Case-Laws Income Tax Fri, 26 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239238