Ex-parte Addition on Unexplained Investment: ITAT directs Re adjudication of Addition towards source of Investment in Purchase of Immovable Property [Read Order]

Ex-parte - Unexplained- Investment-ITAT - Re adjudication - Addition -Investment - Purchase -Immovable- Property -TAXSCAN

The Income Tax Appellate Tribunal (ITAT) Delhi bench directed readjudication in respect of additions made  under Section 69 of the Income Tax Act, 1961 towards source of investment in the purchase of immovable property by observing the ex parte addition on the unexplained investment made by the lower authority. There was a Tax Evasion Petition (TEP)…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

taxscan-loader