https://www.taxtmi.com/caselaws?id=777730 ITAT, Ahmedabad (AT) allowed the assessee's appeal, ruling that the addition under s. 69A for alleged unexplained investment in land was unsustainable because the amount was not fully paid in the relevant year and the source was satisfactorily explained by capital contributions. The tribunal also held the addition under s. 68 in respect of partners' capital to be unjustified, finding the partners' identity, creditworthiness and genuineness of transactions properly established. en-us Thu, 07 Aug 2025 00:00:00 +0530 Thu, 04 Sep 2025 08:40:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777730 ITAT, Ahmedabad (AT) allowed the assessee's appeal, ruling that the addition under s. 69A for alleged unexplained investment in land was unsustainable because the amount was not fully paid in the relevant year and the source was satisfactorily explained by capital contributions. The tribunal also held the addition under s. 68 in respect of partners' capital to be unjustified, finding the partners' identity, creditworthiness and genuineness of transactions properly established. Case-Laws Income Tax Thu, 07 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777730