https://www.taxtmi.com/caselaws?id=772204 ITAT Delhi held that addition for unexplained investment in property acquisition was wrongly made against assessee who was merely a joint owner. The tribunal found that assessee's husband made the entire investment from his own funds, claiming section 54 deduction in his return for capital gains reinvestment from sale of Gurgaon property to acquire Kolkata property. Since assessee made no actual investment and revenue took no action against the husband who disclosed the transaction, the addition was deleted and appeal allowed. en-us Fri, 30 May 2025 00:00:00 +0530 Thu, 05 Jun 2025 08:25:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772204 ITAT Delhi held that addition for unexplained investment in property acquisition was wrongly made against assessee who was merely a joint owner. The tribunal found that assessee's husband made the entire investment from his own funds, claiming section 54 deduction in his return for capital gains reinvestment from sale of Gurgaon property to acquire Kolkata property. Since assessee made no actual investment and revenue took no action against the husband who disclosed the transaction, the addition was deleted and appeal allowed. Case-Laws Income Tax Fri, 30 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772204