https://www.taxtmi.com/caselaws?id=760103 The ITAT Surat ruled in favor of the assessee regarding an addition under Section 69B for unexplained investment in land purchase. The Assessing Officer had made the addition based on a satakat document found on an advocate's hard disc, which matched details in the registered sale deed. However, following the precedent in Kalpesh Mafatlal Patel case, the tribunal held that no addition could be made based on an unsigned, undated satakat found from a person unconnected to the assessee, particularly when no specific query was raised regarding the impounded document. The assessee's appeal was allowed. en-us Thu, 10 Oct 2024 00:00:00 +0530 Tue, 15 Oct 2024 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760103 The ITAT Surat ruled in favor of the assessee regarding an addition under Section 69B for unexplained investment in land purchase. The Assessing Officer had made the addition based on a satakat document found on an advocate's hard disc, which matched details in the registered sale deed. However, following the precedent in Kalpesh Mafatlal Patel case, the tribunal held that no addition could be made based on an unsigned, undated satakat found from a person unconnected to the assessee, particularly when no specific query was raised regarding the impounded document. The assessee's appeal was allowed. Case-Laws Income Tax Thu, 10 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760103