https://www.taxtmi.com/highlights?id=58076 Undisclosed investment - Addition u/s 69 - We observe that the AO failed to discharge his duty by making the addition without undertaking any independent enquiry as to whether the property belonged to assessee or M/s SMV Agencies, he could have made an enquiry to establish that who is the owner of the land. He could have further enquired with the vendors regarding sale consideration. He failed to do so. - Additions deleted - AT en-us Sat, 22 May 2021 17:08:24 +0530 Sat, 22 May 2021 17:08:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58076 Undisclosed investment - Addition u/s 69 - We observe that the AO failed to discharge his duty by making the addition without undertaking any independent enquiry as to whether the property belonged to assessee or M/s SMV Agencies, he could have made an enquiry to establish that who is the owner of the land. He could have further enquired with the vendors regarding sale consideration. He failed to do so. - Additions deleted - AT Highlights Income Tax Sat, 22 May 2021 17:08:24 +0530 https://www.taxtmi.com/highlights?id=58076