https://www.taxtmi.com/highlights?id=79888 Addition u/s 69A (unexplained money) was deleted as the assessee explained the source for purchasing property from capital contribution by partners. Addition u/s 68 (cash credits) for consideration paid by cheque and stamp duty/registration charges was also deleted, as the contribution was received from partners through banking channels and their identities were established. The CIT(A)'s enhancement was reversed by the ITAT. en-us Tue, 30 Jul 2024 08:09:35 +0530 Tue, 30 Jul 2024 08:09:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=79888 Addition u/s 69A (unexplained money) was deleted as the assessee explained the source for purchasing property from capital contribution by partners. Addition u/s 68 (cash credits) for consideration paid by cheque and stamp duty/registration charges was also deleted, as the contribution was received from partners through banking channels and their identities were established. The CIT(A)'s enhancement was reversed by the ITAT. Highlights Income Tax Tue, 30 Jul 2024 08:09:35 +0530 https://www.taxtmi.com/highlights?id=79888