https://www.taxtmi.com/caselaws?id=773340 ITAT Hyderabad allowed the assessee's appeal against reopening of assessment under section 147 for unexplained investment in property purchase. The assessee successfully demonstrated the source of Rs. 42 lakhs investment through known income sources and loans from various parties, supported by bank statements and confirmations. Both AO and CIT(A) had ignored the evidence and confirmed additions. ITAT found their approach erroneous and directed deletion of the addition for unexplained investment, setting aside CIT(A)'s order. en-us Thu, 24 Apr 2025 00:00:00 +0530 Sat, 21 Jun 2025 08:28:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773340 ITAT Hyderabad allowed the assessee's appeal against reopening of assessment under section 147 for unexplained investment in property purchase. The assessee successfully demonstrated the source of Rs. 42 lakhs investment through known income sources and loans from various parties, supported by bank statements and confirmations. Both AO and CIT(A) had ignored the evidence and confirmed additions. ITAT found their approach erroneous and directed deletion of the addition for unexplained investment, setting aside CIT(A)'s order. Case-Laws Income Tax Thu, 24 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773340