https://www.taxtmi.com/caselaws?id=409166 The CIT(A) decision to delete the unexplained investment addition made by the Assessing Officer in the assessment order for A.Y. 2015-16 was upheld. The CIT(A) found the sources of the appellant's investment adequately explained, directing the deletion of the addition in her hands and in her late husband's assessment. The lower appellate findings favored the assessee, ruling against the addition of Rs. 1,76,00,000. The decision emphasized adherence to relevant provisions of the Income Tax Act and proper assessment procedures, leading to the dismissal of the Revenue's appeal. en-us Wed, 23 Jun 2021 00:00:00 +0530 Thu, 01 Jul 2021 07:55:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409166 The CIT(A) decision to delete the unexplained investment addition made by the Assessing Officer in the assessment order for A.Y. 2015-16 was upheld. The CIT(A) found the sources of the appellant's investment adequately explained, directing the deletion of the addition in her hands and in her late husband's assessment. The lower appellate findings favored the assessee, ruling against the addition of Rs. 1,76,00,000. The decision emphasized adherence to relevant provisions of the Income Tax Act and proper assessment procedures, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Wed, 23 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409166