Unexplained Investment in Property: ITAT Upholds Sources Proven by Assessee from Family Members [Read Order]

The Tribunal found no justification for the unexplained expenditure enhancement, as no notice had been issued to the assessee
By Sneha Sukumaran Mullakkal - On March 27, 2025 6:41 pm - 2 mins read
Unexplained Investment in Property - Unexplained Investment - ITAT - ITAT Upholds - Family Members - Assessee from Family Members - taxscan

The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) upholds sources proven by the assessee for an unexplained investment in property, finding that the ₹40,00,000 used for the property purchase was sourced from family members. Kshama Sanjay Tripathi, appellant-assessee, was identified as a non-filer for the assessment year 2010-11. The revenue found that she had purchased…

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.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here

Topics

taxscan-loader