https://www.taxtmi.com/caselaws?id=772846 The ITAT Mumbai held that the assessee, who co-owned a flat with 50% share, had adequately explained the source of investment through past savings and housing loan from State Bank of India. The assessee provided documentation including loan sanction letter dated 19.12.2020 and bank statements showing various payments including stamp duty of Rs. 3,27,525. Since the AO failed to verify the submitted evidence, the matter was remanded back to the AO for limited verification of investment sources and to pass fresh orders. The appeal was allowed for statistical purposes. en-us Wed, 30 Apr 2025 00:00:00 +0530 Sat, 14 Jun 2025 06:47:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772846 The ITAT Mumbai held that the assessee, who co-owned a flat with 50% share, had adequately explained the source of investment through past savings and housing loan from State Bank of India. The assessee provided documentation including loan sanction letter dated 19.12.2020 and bank statements showing various payments including stamp duty of Rs. 3,27,525. Since the AO failed to verify the submitted evidence, the matter was remanded back to the AO for limited verification of investment sources and to pass fresh orders. The appeal was allowed for statistical purposes. Case-Laws Income Tax Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772846