https://www.taxtmi.com/highlights?id=70426 Unexplained investment - Additions u/s 69 - source of purchase of party - AO having not discharged onus for proving the satisfaction of the condition for application of deeming sections, he cannot invoke provisions of section 69 - the assessee has discharged burden of proof by filing details of loans taken - it is abundantly clear that the explanation offered by the assessee with regard to source for purchase of property is genuine transaction, which is supported by necessary evidences. - AT en-us Mon, 19 Jun 2023 10:29:51 +0530 Mon, 19 Jun 2023 10:29:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=70426 Unexplained investment - Additions u/s 69 - source of purchase of party - AO having not discharged onus for proving the satisfaction of the condition for application of deeming sections, he cannot invoke provisions of section 69 - the assessee has discharged burden of proof by filing details of loans taken - it is abundantly clear that the explanation offered by the assessee with regard to source for purchase of property is genuine transaction, which is supported by necessary evidences. - AT Highlights Income Tax Mon, 19 Jun 2023 10:29:51 +0530 https://www.taxtmi.com/highlights?id=70426