https://www.taxtmi.com/caselaws?id=777800 ITAT held the addition under s.69 for unexplained investment in immovable property was unjustified and allowed the appeal. Tribunal accepted that the taxpayer had substantial funds prior to purchase and later produced loan documentation from a related proprietorship at the appellate stage, finding no record that the documents were fabricated or unreliable. The assessee's non-response to assessment notices alone could not defeat the explained source, and with age, retirement benefits and other supporting material, the addition was deleted. en-us Tue, 02 Sep 2025 00:00:00 +0530 Fri, 05 Sep 2025 08:10:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777800 ITAT held the addition under s.69 for unexplained investment in immovable property was unjustified and allowed the appeal. Tribunal accepted that the taxpayer had substantial funds prior to purchase and later produced loan documentation from a related proprietorship at the appellate stage, finding no record that the documents were fabricated or unreliable. The assessee's non-response to assessment notices alone could not defeat the explained source, and with age, retirement benefits and other supporting material, the addition was deleted. Case-Laws Income Tax Tue, 02 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777800