https://www.taxtmi.com/caselaws?id=347422 The ITAT upheld the deletion of an addition under section 69B of the Income Tax Act, 1961, by the Ld. CIT (Appeals) concerning an undisclosed property investment. The tribunal emphasized the necessity of concrete evidence before making additions to an assessee's total income, highlighting the importance of adhering to legal provisions in assessing undisclosed investments in property transactions. The decision underscored the requirement for substantiated findings and dismissed the Department's appeal, settling the dispute on 30th August 2017. en-us Wed, 30 Aug 2017 00:00:00 +0530 Mon, 04 Sep 2017 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347422 The ITAT upheld the deletion of an addition under section 69B of the Income Tax Act, 1961, by the Ld. CIT (Appeals) concerning an undisclosed property investment. The tribunal emphasized the necessity of concrete evidence before making additions to an assessee's total income, highlighting the importance of adhering to legal provisions in assessing undisclosed investments in property transactions. The decision underscored the requirement for substantiated findings and dismissed the Department's appeal, settling the dispute on 30th August 2017. Case-Laws Income Tax Wed, 30 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347422