https://www.taxtmi.com/caselaws?id=778419 ITAT MUMBAI - AT dismissed the revenue's appeal and upheld the CIT(A)'s deletion of an unexplained investment addition under s.69. An Excel sheet seized during search, linking the assessee to a society allotment, was held insufficient to prove any payment, allotment, registration or agreement. The tribunal found no direct evidence that the assessee made the required initial payment or acquired the flat; the addition rested on presumption, surmise and conjecture, which could not sustain assessment. en-us Fri, 12 Sep 2025 00:00:00 +0530 Tue, 16 Sep 2025 09:02:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778419 ITAT MUMBAI - AT dismissed the revenue's appeal and upheld the CIT(A)'s deletion of an unexplained investment addition under s.69. An Excel sheet seized during search, linking the assessee to a society allotment, was held insufficient to prove any payment, allotment, registration or agreement. The tribunal found no direct evidence that the assessee made the required initial payment or acquired the flat; the addition rested on presumption, surmise and conjecture, which could not sustain assessment. Case-Laws Income Tax Fri, 12 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778419