https://www.taxtmi.com/caselaws?id=777662 ITAT JAIPUR-AT upheld framing of assessment under s.144 where the assessee had not complied with AO notices, dismissing grounds 1-3; however, the Tribunal accepted the assessee's claim of a Rs.3 lakh gift from a family member as the source of unexplained investment. On record were revised P&L, interest and capital accounts and evidence of the donor's substantial means and assessment; the AO failed to verify despite the donor being assessed and searched. Consequently the addition under s.69 relating to that investment was deleted and the assessee's contention allowed. en-us Fri, 10 Jan 2025 00:00:00 +0530 Mon, 01 Sep 2025 17:04:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777662 ITAT JAIPUR-AT upheld framing of assessment under s.144 where the assessee had not complied with AO notices, dismissing grounds 1-3; however, the Tribunal accepted the assessee's claim of a Rs.3 lakh gift from a family member as the source of unexplained investment. On record were revised P&L, interest and capital accounts and evidence of the donor's substantial means and assessment; the AO failed to verify despite the donor being assessed and searched. Consequently the addition under s.69 relating to that investment was deleted and the assessee's contention allowed. Case-Laws Income Tax Fri, 10 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777662