Absence of Seller before AO not Ground to Allege Unexplained Investment: ITAT Deletes Addition u/s 69B of Income Tax Act [Read Order]

Absence of Seller before AO not Ground to Allege Unexplained Investment - ITAT Deletes Addition Income Tax Act - TAXSCAN

The Indore Bench of the Income Tax Appellate Tribunal (ITAT), deletes addition under Section 69B of the Income Tax Act and noted that the absence of seller before the Assessing Officer (AO) not a ground to allege unexplained investment. The assessee, Sanjeev Agrawal,is a partner in the firm M/s Shiva Reality. The Assessing Officer made…

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