https://www.taxtmi.com/caselaws?id=461593 ITAT Mumbai dismissed Revenue's appeal regarding unexplained source of funds for property purchase. The assessee had filed additional documents to substantiate funding sources, which CIT(A) accepted and deleted the addition based on AO's remand report. ITAT held that once AO accepted the claim in remand report and CIT(A) deleted addition accordingly, Revenue cannot maintain appeal on this issue, citing Smt. B Jayalakshmi case. Additionally, remaining grounds had tax effect of Rs. 12,36,000, below CBDT's mandatory limit for appeals, making entire appeal non-maintainable. en-us Mon, 20 Feb 2023 00:00:00 +0530 Tue, 15 Apr 2025 08:34:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461593 ITAT Mumbai dismissed Revenue's appeal regarding unexplained source of funds for property purchase. The assessee had filed additional documents to substantiate funding sources, which CIT(A) accepted and deleted the addition based on AO's remand report. ITAT held that once AO accepted the claim in remand report and CIT(A) deleted addition accordingly, Revenue cannot maintain appeal on this issue, citing Smt. B Jayalakshmi case. Additionally, remaining grounds had tax effect of Rs. 12,36,000, below CBDT's mandatory limit for appeals, making entire appeal non-maintainable. Case-Laws Income Tax Mon, 20 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461593