https://www.taxtmi.com/caselaws?id=358765 The tribunal allowed the Revenue's appeal for statistical purposes, directing the matter to be restored to the AO for a fresh adjudication. The AO was instructed to conduct thorough inquiries, verify documents, and assess the genuineness of transactions related to the purchase of residential flats. The tribunal highlighted the need to investigate discrepancies in property valuations and ensure proper substantiation of funding sources. The appeal filing by the Revenue was deemed timely, and the tribunal admitted the appeal for further proceedings. en-us Mon, 16 Apr 2018 00:00:00 +0530 Wed, 18 Apr 2018 06:27:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358765 The tribunal allowed the Revenue's appeal for statistical purposes, directing the matter to be restored to the AO for a fresh adjudication. The AO was instructed to conduct thorough inquiries, verify documents, and assess the genuineness of transactions related to the purchase of residential flats. The tribunal highlighted the need to investigate discrepancies in property valuations and ensure proper substantiation of funding sources. The appeal filing by the Revenue was deemed timely, and the tribunal admitted the appeal for further proceedings. Case-Laws Income Tax Mon, 16 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358765