https://www.taxtmi.com/caselaws?id=778820 ITAT (Chandigarh) held that addition to income on account of unexplained investment based solely on an unsigned, unregistered draft agreement was unsustainable. The agreement lacked signatures and corroborative evidence of transfer or payment; property records and utility bills showed title remained in the seller's name. The AO failed to make independent inquiries or afford cross-examination. Relying on settled law, the tribunal directed deletion of the addition and allowed the assessee's appeal. en-us Wed, 10 Sep 2025 00:00:00 +0530 Tue, 23 Sep 2025 08:29:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778820 ITAT (Chandigarh) held that addition to income on account of unexplained investment based solely on an unsigned, unregistered draft agreement was unsustainable. The agreement lacked signatures and corroborative evidence of transfer or payment; property records and utility bills showed title remained in the seller's name. The AO failed to make independent inquiries or afford cross-examination. Relying on settled law, the tribunal directed deletion of the addition and allowed the assessee's appeal. Case-Laws Income Tax Wed, 10 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778820