TaxTMI 
TaxTMI 
2023 (12) TMI 925
X X X X Extracts X X X X
X X X X Extracts X X X X
....peal by the revenue is preferred against the order of the CIT(A)-15, Delhi dated 30.01.2019 pertaining to A.Y. 2014-15. 2. The solitary grievance of the revenue is that the CIT(A) erred in deleting the addition of Rs. 12.50 crores made by the AO to the income of the assessee on account of unexplained money u/s. 69A of the Act. 3. Briefly stated the facts of the case are that during the course of....
X X X X Extracts X X X X
X X X X Extracts X X X X
....s the same was not evidenced by a registered gift deed. The AO further noticed that M/s. Glorious Housing and Land Development Private limited executed the deed on 08.11.2011, therefore, the assessee could not have gifted the property on 01.05.2006. 6. Dismissing all the evidences, the AO came to the conclusion that no portion of the property at Rani Jhansi Chowk, Delhi has been transferred to th....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... pursuant to the gift deed the assessee was in full possession of the property and further entered into an agreement to sell and sold the said property for a consideration of Rs. 12.50 crores which was invested in another residential property on which exemption u/s. 54 was claimed. 10. On these facts the CIT(A) deleted the impugned addition. 11. Before us the DR strongly supported the findings o....