https://www.taxtmi.com/caselaws?id=783078 The ITAT Raipur allowed the assessee's appeal and deleted the addition made u/s 69 for alleged unexplained investment in immovable property. The Tribunal held that the Revenue had not produced any direct or corroborative evidence of cash payment by the assessee, nor demonstrated any benefit derived from such alleged cash transaction. Information obtained from a third-party search was found unlinked to the assessee. The assessee had furnished bank statements showing RTGS payments and vendor confirmation that consideration was received only through banking channels. The AO's mistaken assumption of cash payment and the CIT(A)/NFAC's affirmation without proper enquiry or reasoned order under s.250(4) and (6) rendered the addition perverse and unsustainable. en-us Thu, 04 Dec 2025 00:00:00 +0530 Tue, 09 Dec 2025 08:42:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783078 The ITAT Raipur allowed the assessee's appeal and deleted the addition made u/s 69 for alleged unexplained investment in immovable property. The Tribunal held that the Revenue had not produced any direct or corroborative evidence of cash payment by the assessee, nor demonstrated any benefit derived from such alleged cash transaction. Information obtained from a third-party search was found unlinked to the assessee. The assessee had furnished bank statements showing RTGS payments and vendor confirmation that consideration was received only through banking channels. The AO's mistaken assumption of cash payment and the CIT(A)/NFAC's affirmation without proper enquiry or reasoned order under s.250(4) and (6) rendered the addition perverse and unsustainable. Case-Laws Income Tax Thu, 04 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783078