Arrangement b/w Husband and Wife without Real Money Exchange not amount to Unexplained Investment u/s. 69: ITAT [Read Order]

Arrangement - Husband and Wife - Real Money Exchange - Unexplained Investment - ITAT - Taxscan

The Vishkhapatanam bench of the Income Tax Appellate Tribunal (ITAT) has held that a mere arrangement between a husband and wife without real money exchange cannot be doubted as an unexplained investment under section 69 of the Income Tax Act, 1961. The assessee is an individual has purchased an immovable property in Survey No. 174/175,…

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