https://www.taxtmi.com/caselaws?id=265528 The ITAT dismissed the Revenue's appeal in a case involving additions made under section 69B of the Income Tax Act for undisclosed property investments. The ITAT upheld the Ld. CIT(A)'s decisions to delete the additions, as the AO failed to provide sufficient evidence to support the additional investments from undisclosed sources. The ITAT emphasized that the stamp duty valuation alone cannot determine actual investments and highlighted the lack of inquiry by the AO. The decisions were based on the lack of corroborative evidence and failure to substantiate the undisclosed investments, leading to the deletion of the additions. en-us Wed, 13 Aug 2014 00:00:00 +0530 Tue, 13 Oct 2015 06:37:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265528 The ITAT dismissed the Revenue's appeal in a case involving additions made under section 69B of the Income Tax Act for undisclosed property investments. The ITAT upheld the Ld. CIT(A)'s decisions to delete the additions, as the AO failed to provide sufficient evidence to support the additional investments from undisclosed sources. The ITAT emphasized that the stamp duty valuation alone cannot determine actual investments and highlighted the lack of inquiry by the AO. The decisions were based on the lack of corroborative evidence and failure to substantiate the undisclosed investments, leading to the deletion of the additions. Case-Laws Income Tax Wed, 13 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265528