Payment made by Assessee as Shareholder of Company for Construction of Building on a plot shall not be Unexplained Investment u/s. 69 of  I.T Act: ITAT [Read Order]

Payment - assessee - shareholder - company for construction - building- plot - unexplained investment -  I.T Act-ITAT-TAXSCAN

The Income Tax Appellate Tribunal (ITAT) Delhi bench held that payment made by the assessee as shareholder of the company for construction of building on a plot should not be unexplained under Section 69 of the Income Tax Act,1961 Assesee , Ajay Sharma, entered into a collaboration agreement with   M/s Yamuna Builders on behalf of  M/s…

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