https://www.taxtmi.com/caselaws?id=765618 ITAT held that payments made through cheques toward property purchase, supported by solemnized affidavit, cannot be treated as unexplained investment. The tribunal found both sources of property investment sufficiently explained and deleted the addition upheld by CIT(A). The decision favored the assessee, ruling that documented cheque payments with proper affidavit constitute adequate explanation for property investment sources. en-us Mon, 03 Feb 2025 00:00:00 +0530 Wed, 05 Feb 2025 08:38:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765618 ITAT held that payments made through cheques toward property purchase, supported by solemnized affidavit, cannot be treated as unexplained investment. The tribunal found both sources of property investment sufficiently explained and deleted the addition upheld by CIT(A). The decision favored the assessee, ruling that documented cheque payments with proper affidavit constitute adequate explanation for property investment sources. Case-Laws Income Tax Mon, 03 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765618