Addition as Unexplained Investment in difference in Value on Purchase of Property without considering Co-owner is not valid: ITAT [Read Order]

investment - purchase of property - co-owner - ITAT - taxscan

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) ruled that the addition as unexplained investment in difference in value on the purchase of property without considering co-owner is not valid. The assessee, Mr R Vasimalai an individual and carrying on the profession as a LIC agent.  The assessee has filed its return of…

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