2025 (6) TMI 978

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.... This appeal by the assessee is emanating from the order dated 06.08.2024 of the Ld. Addl/JCIT(A)-3, Delhi in Appeal No. ITBA/APL/S/250/2024- 25/1067366274(1) relevant to assessment year 2012-13. 2. Heard both the parties and perused the records. 3. At the threshold, it is noted that there is a delay of 102 days in filing the appeal before the Tribunal. However, it is observed during the ....

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....d the amount of Rs. 2.50 lacs received from father in law of assessee. The AO further noted that the amount of Rs. 6,92,000/- was withdrawn in the bank account of Shri Kapil Dev on 31.12.2010 whereas the property was purchased on 23.02.2012. thus, there was a time gap of 14 months from the said receipt of loan and investment in property. The AO confronted the discrepancy to assessee with regard to....

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....er and her share in the said property is 5/38. The total land has been purchased as co-owner and her share comes to Rs. 9,07,895/- only. Out of this payment of Rs. 6,92,000/- has been paid by husband from amount taken from his friend Kapil Dev S/o Dev Dutt R/o Vill. Palri, from withdrawal of his bank account with SBI, Mohindergarh and another payment of Rs. 2,50,000/- has been paid by her father i....

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....s has been established, thus the addition in dispute may be deleted. Ld. DR relied upon the orders of the authorities below. 6. I have heard the rival contentions and perused the records. Upon careful consideration, I find that the payment of Rs. 6,92,000/- has been paid by husband from amount taken from his friend Kapil Dev S/o Dev Dutt R/o Vill. Palri, from withdrawal of his bank account with....