https://www.taxtmi.com/caselaws?id=411034 The Appellate Tribunal allowed the assessee's appeal, overturning the addition of 50% share of investment in immovable property to the assessee's income. The Tribunal found that the entire investment was made by the spouse, resolving discrepancies in payment details and sources of investment. Despite initial confirmation by the Commissioner of Income Tax (Appeals) and an ex-parte assessment due to non-compliance, the Tribunal concluded that the addition in the assessee's hands was unwarranted based on factual discussions and evidence presented, ultimately ruling in favor of the assessee. en-us Thu, 12 Aug 2021 00:00:00 +0530 Mon, 16 Aug 2021 09:14:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411034 The Appellate Tribunal allowed the assessee's appeal, overturning the addition of 50% share of investment in immovable property to the assessee's income. The Tribunal found that the entire investment was made by the spouse, resolving discrepancies in payment details and sources of investment. Despite initial confirmation by the Commissioner of Income Tax (Appeals) and an ex-parte assessment due to non-compliance, the Tribunal concluded that the addition in the assessee's hands was unwarranted based on factual discussions and evidence presented, ultimately ruling in favor of the assessee. Case-Laws Income Tax Thu, 12 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411034