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ITAT Reduces Addition on Unexplained Investment to ₹1.32 Lakh, Grants ₹6.5 Lakh Relief Considering Socio-Economic Status [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) partly allowed the appeal of the assessee for Assessment Year 2012-13, reducing the...

ITAT Reduces Addition on Unexplained Investment to ₹1.32 Lakh, Grants ₹6.5 Lakh Relief Considering Socio-Economic Status [Read Order]
The tribunal noted that the lower authorities had overlooked the assessee’s family’s past savings, which could have contributed to the investment, and directed computations to be carried out as per law