Deletion of Income Tax Addition on Account of Unexplained Investment due to Absence of Documents and Evidences: ITAT upholds CIT(A) Order [Read Order]

By Ipsita Das - On September 8, 2023 1:00 pm - 2 mins read

Income Tax Addition - Income Tax - Account of Unexplained Investment - Unexplained Investment - Documents and Evidences - Documents - Evidences - ITAT - CIT(A) Order - taxscan

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) held that the Revenue was unable to demonstrate documents or evidence, as to the basis with the AO for treating the assessee to have invested the piece of land i.e. survey no.1/2. and hence upheld the decision of Commissioner Of Income Tax [CIT(A)] as to deletion…

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