https://www.taxtmi.com/caselaws?id=767268 The Tribunal ruled that the addition of 41,21,145 as unexplained investment under Section 69 of the Income Tax Act was unjustified. It found that the assessee had provided sufficient evidence, including bank statements, showing that the payments for the property were made through disclosed bank accounts. Consequently, the Tribunal set aside the CIT(A)'s order and instructed the AO to delete the addition, as the investment was not unexplained. en-us Tue, 11 Mar 2025 00:00:00 +0530 Thu, 13 Mar 2025 08:35:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767268 The Tribunal ruled that the addition of 41,21,145 as unexplained investment under Section 69 of the Income Tax Act was unjustified. It found that the assessee had provided sufficient evidence, including bank statements, showing that the payments for the property were made through disclosed bank accounts. Consequently, the Tribunal set aside the CIT(A)'s order and instructed the AO to delete the addition, as the investment was not unexplained. Case-Laws Income Tax Tue, 11 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767268