https://www.taxtmi.com/caselaws?id=766032 ITAT Delhi dismissed revenue's appeal regarding unexplained money under section 69A after assessee provided detailed evidence of property acquisition sources during remand proceedings. However, tribunal disallowed assessee's claim for short-term capital loss as it was not disclosed in original return, making it ineligible for carry forward under section 80. Regarding unexplained investment, tribunal upheld CIT(A)'s deletion but remanded stamp duty payment verification issue back to AO. On cash deposits, tribunal deleted addition noting AO exceeded limited scrutiny scope by examining bank deposits when case was selected only for property investment verification, and assessee had sufficient cash balance justifying deposits. en-us Wed, 12 Feb 2025 00:00:00 +0530 Sat, 15 Feb 2025 08:00:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766032 ITAT Delhi dismissed revenue's appeal regarding unexplained money under section 69A after assessee provided detailed evidence of property acquisition sources during remand proceedings. However, tribunal disallowed assessee's claim for short-term capital loss as it was not disclosed in original return, making it ineligible for carry forward under section 80. Regarding unexplained investment, tribunal upheld CIT(A)'s deletion but remanded stamp duty payment verification issue back to AO. On cash deposits, tribunal deleted addition noting AO exceeded limited scrutiny scope by examining bank deposits when case was selected only for property investment verification, and assessee had sufficient cash balance justifying deposits. Case-Laws Income Tax Wed, 12 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766032