https://www.taxtmi.com/caselaws?id=406264 The Tribunal ruled in favor of the Assessee, directing the AO to delete the addition of Rs. 90,000 made earlier, as the Assessee adequately explained the source of the investment in securities. The Tribunal emphasized that the Assessee was not obliged to justify the source of the source of funds and allowed the additional ground of appeal raised by the Assessee regarding the jurisdiction of the Tribunal to consider legal issues impacting tax liability. This decision showcased the Tribunal's authority to address relevant legal matters beyond the initial appeal, ensuring a thorough assessment of the tax liability at hand. en-us Tue, 23 Mar 2021 00:00:00 +0530 Sat, 10 Apr 2021 09:02:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406264 The Tribunal ruled in favor of the Assessee, directing the AO to delete the addition of Rs. 90,000 made earlier, as the Assessee adequately explained the source of the investment in securities. The Tribunal emphasized that the Assessee was not obliged to justify the source of the source of funds and allowed the additional ground of appeal raised by the Assessee regarding the jurisdiction of the Tribunal to consider legal issues impacting tax liability. This decision showcased the Tribunal's authority to address relevant legal matters beyond the initial appeal, ensuring a thorough assessment of the tax liability at hand. Case-Laws Income Tax Tue, 23 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406264