https://www.taxtmi.com/caselaws?id=768046 ITAT Delhi ruled in favor of the assessee regarding unexplained investment in Sagar Plaza flat sold 14.29% above circle rate. The AO and CIT(A) erroneously treated a handwritten slip as an agreement to sell despite it lacking essential elements: no assessee's name, signature, witnesses, or proper documentation required for valid immovable property agreements. The tribunal found the addition was based on surmises and conjectures without proper evidence, as possession of unsigned documents cannot prove their contents against a person. The appeal was allowed and the addition deleted. en-us Thu, 27 Mar 2025 00:00:00 +0530 Sat, 29 Mar 2025 08:15:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768046 ITAT Delhi ruled in favor of the assessee regarding unexplained investment in Sagar Plaza flat sold 14.29% above circle rate. The AO and CIT(A) erroneously treated a handwritten slip as an agreement to sell despite it lacking essential elements: no assessee's name, signature, witnesses, or proper documentation required for valid immovable property agreements. The tribunal found the addition was based on surmises and conjectures without proper evidence, as possession of unsigned documents cannot prove their contents against a person. The appeal was allowed and the addition deleted. Case-Laws Income Tax Thu, 27 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768046