https://www.taxtmi.com/caselaws?id=266187 The Tribunal set aside the lower authorities' orders and remitted the case to the Assessing Officer for a fresh assessment. Emphasizing the need to verify the source of funds for property investments, the Tribunal directed a thorough examination of bank account details and evidence to determine the actual investment made by the spouse. The decision highlighted the importance of concrete evidence and proper verification procedures in assessing undisclosed income in jointly held properties. The appeal was allowed for statistical purposes, providing a procedural victory for the assessee. en-us Fri, 07 Aug 2015 00:00:00 +0530 Sun, 18 Oct 2015 17:44:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266187 The Tribunal set aside the lower authorities' orders and remitted the case to the Assessing Officer for a fresh assessment. Emphasizing the need to verify the source of funds for property investments, the Tribunal directed a thorough examination of bank account details and evidence to determine the actual investment made by the spouse. The decision highlighted the importance of concrete evidence and proper verification procedures in assessing undisclosed income in jointly held properties. The appeal was allowed for statistical purposes, providing a procedural victory for the assessee. Case-Laws Income Tax Fri, 07 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266187