https://www.taxtmi.com/caselaws?id=404595 The case involved an appeal by the assessee against the addition of Rs. 26,59,670 to their total income under Section 69 of the Income Tax Act for failing to provide the source of investment for a property purchase. The Assessing Officer and CIT(A) upheld the addition based on evidence. The assessee later submitted additional evidence under Rule 29 of ITAT Rules, which was admitted by the Tribunal. The Tribunal remanded the issue for fresh adjudication. The Tribunal's decision favored the assessee, with the appeals allowed for statistical purposes in both cases, concluding the legal proceedings. en-us Thu, 18 Feb 2021 00:00:00 +0530 Fri, 26 Feb 2021 09:43:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404595 The case involved an appeal by the assessee against the addition of Rs. 26,59,670 to their total income under Section 69 of the Income Tax Act for failing to provide the source of investment for a property purchase. The Assessing Officer and CIT(A) upheld the addition based on evidence. The assessee later submitted additional evidence under Rule 29 of ITAT Rules, which was admitted by the Tribunal. The Tribunal remanded the issue for fresh adjudication. The Tribunal's decision favored the assessee, with the appeals allowed for statistical purposes in both cases, concluding the legal proceedings. Case-Laws Income Tax Thu, 18 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404595