https://www.taxtmi.com/caselaws?id=430390 The ITAT Kolkata allowed the appeal of the assessee trust, overturning the addition of Rs. 16 lakhs as unexplained investment in the building. The judgment clarified the distinction between assets owned by the trust and those held by individual trustees, emphasizing the importance of proper documentation and accounting practices to avoid such disputes in the future. en-us Thu, 10 Nov 2022 00:00:00 +0530 Fri, 18 Nov 2022 10:34:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430390 The ITAT Kolkata allowed the appeal of the assessee trust, overturning the addition of Rs. 16 lakhs as unexplained investment in the building. The judgment clarified the distinction between assets owned by the trust and those held by individual trustees, emphasizing the importance of proper documentation and accounting practices to avoid such disputes in the future. Case-Laws Income Tax Thu, 10 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430390