https://www.taxtmi.com/caselaws?id=353802 The ITAT set aside the AO's decision treating a payment against housing purchase as unexplained investment, emphasizing the joint purchase by the appellant and his wife. The tribunal criticized the CIT(A) for not considering the wife's financial status and directed a re-examination, accepting the wife's contribution. The tribunal allowed the appeal, remanding the case for a detailed review, directing the CIT(A) to pass a speaking order considering the wife's payment. en-us Mon, 08 May 2017 00:00:00 +0530 Fri, 12 Jan 2018 08:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353802 The ITAT set aside the AO's decision treating a payment against housing purchase as unexplained investment, emphasizing the joint purchase by the appellant and his wife. The tribunal criticized the CIT(A) for not considering the wife's financial status and directed a re-examination, accepting the wife's contribution. The tribunal allowed the appeal, remanding the case for a detailed review, directing the CIT(A) to pass a speaking order considering the wife's payment. Case-Laws Income Tax Mon, 08 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353802