https://www.taxtmi.com/caselaws?id=781160 ITAT held that the assessee satisfactorily explained source of investment in the impugned property of Rs. 62.94 lakhs; only Rs. 2.94 lakhs paid as stamp duty was funded from cash withdrawals. The CIT(A)'s finding that Rs. 6.39 lakhs constituted unexplained cash investment was reversed: cash-book showed total withdrawals of Rs. 16.98 lakhs and AO's credit of Rs. 11.50 lakhs left sufficient funds for the stamp duty payment. Addition under s.69 of Rs. 6.39 lakhs was deleted and the appeal allowed. en-us Wed, 27 Aug 2025 00:00:00 +0530 Wed, 12 Nov 2025 08:17:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781160 ITAT held that the assessee satisfactorily explained source of investment in the impugned property of Rs. 62.94 lakhs; only Rs. 2.94 lakhs paid as stamp duty was funded from cash withdrawals. The CIT(A)'s finding that Rs. 6.39 lakhs constituted unexplained cash investment was reversed: cash-book showed total withdrawals of Rs. 16.98 lakhs and AO's credit of Rs. 11.50 lakhs left sufficient funds for the stamp duty payment. Addition under s.69 of Rs. 6.39 lakhs was deleted and the appeal allowed. Case-Laws Income Tax Wed, 27 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781160