Investment for affording financial security to wife in old age out of explained funds, not unexplained investment: ITAT [Read Order]

Investment for affording financial security - explained funds - unexplained investment - ITAT - TAXSCAN

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the investment for affording financial security to wife in old age out of explained funds could not be considered as unexplained investment. The assessee Rukshana Begum, has filed an appeal emphasising that the contribution by her husband for investment in question out of…

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