https://www.taxtmi.com/caselaws?id=456867 ITAT Indore allowed the assessee's appeal, deleting the addition made under Section 69 for unexplained investment. The tribunal found that the registered sale deed dated 19.03.2013 was only for the plot, while construction payments were made subsequently. Seized documents showed the cash payment occurred on 05.11.2013, falling within AY 2014-15, not the assessed year 2013-14. The AO's addition was deemed patently wrong and unsustainable as no cash payment occurred during the relevant previous year 2012-13. en-us Fri, 15 Sep 2023 00:00:00 +0530 Wed, 21 Aug 2024 19:54:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456867 ITAT Indore allowed the assessee's appeal, deleting the addition made under Section 69 for unexplained investment. The tribunal found that the registered sale deed dated 19.03.2013 was only for the plot, while construction payments were made subsequently. Seized documents showed the cash payment occurred on 05.11.2013, falling within AY 2014-15, not the assessed year 2013-14. The AO's addition was deemed patently wrong and unsustainable as no cash payment occurred during the relevant previous year 2012-13. Case-Laws Income Tax Fri, 15 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456867