https://www.taxtmi.com/caselaws?id=290976 The ITAT Bangalore allowed the assessee's appeal, directing the deletion of the Rs. 6,25,560 addition made by the CIT(A) for unexplained investment under sections 69A/56(2)(vii)(b) of the Income-Tax Act, 1961. The Tribunal, referencing the ITAT Pune Bench's precedent, concluded that the valuation difference was less than 5%, thus favoring the assessee. en-us Fri, 15 Feb 2019 00:00:00 +0530 Wed, 13 Nov 2024 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290976 The ITAT Bangalore allowed the assessee's appeal, directing the deletion of the Rs. 6,25,560 addition made by the CIT(A) for unexplained investment under sections 69A/56(2)(vii)(b) of the Income-Tax Act, 1961. The Tribunal, referencing the ITAT Pune Bench's precedent, concluded that the valuation difference was less than 5%, thus favoring the assessee. Case-Laws Income Tax Fri, 15 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290976