https://www.taxtmi.com/caselaws?id=751417 The ITAT Ahmedabad allowed the appellant's appeal, recognizing the unique circumstances where the appellant's son paid for the property, and the appellant's name was used merely for convenience. The tribunal found that the AO and CIT(A) overlooked the direct financial involvement of the son. Consequently, the tribunal determined that the provisions of section 249(4)(b) should have been applied differently, leading to the allowance of the appeal without setting a precedent. en-us Fri, 12 Apr 2024 00:00:00 +0530 Tue, 16 Apr 2024 08:24:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751417 The ITAT Ahmedabad allowed the appellant's appeal, recognizing the unique circumstances where the appellant's son paid for the property, and the appellant's name was used merely for convenience. The tribunal found that the AO and CIT(A) overlooked the direct financial involvement of the son. Consequently, the tribunal determined that the provisions of section 249(4)(b) should have been applied differently, leading to the allowance of the appeal without setting a precedent. Case-Laws Income Tax Fri, 12 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751417