https://www.taxtmi.com/caselaws?id=281857 The Tribunal allowed the appeal of the assessee in ITA No. 608/DEL/2012, deleting the addition of Rs. 6,98,00,000 as unaccounted investment. The Tribunal found that the Assessing Officer disregarded crucial evidence, including the Departmental Valuation Officer report and signed agreements, supporting the appellant's position. The Tribunal held that the presumption under Section 132(4A) was successfully rebutted by the appellant, leading to the deletion of the addition made by the AO and upheld by the CIT(A). en-us Wed, 27 Dec 2017 00:00:00 +0530 Wed, 10 Jul 2019 06:37:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281857 The Tribunal allowed the appeal of the assessee in ITA No. 608/DEL/2012, deleting the addition of Rs. 6,98,00,000 as unaccounted investment. The Tribunal found that the Assessing Officer disregarded crucial evidence, including the Departmental Valuation Officer report and signed agreements, supporting the appellant's position. The Tribunal held that the presumption under Section 132(4A) was successfully rebutted by the appellant, leading to the deletion of the addition made by the AO and upheld by the CIT(A). Case-Laws Income Tax Wed, 27 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281857