AO made addition in respect of unaccounted investment made by assessee in immovable property. CIT (A) and Tribunal concurrently came to conclusion that materials on record did not establish any such unaccounted investments. High Court affirmed the order of the Tribunal.
CIT v. Suvas Hitendra Barot (2019) 108 taxmann.com 58 / 265 Taxman 231 (Guj.)(HC) Editorial: SLP of revenue is dismissed CIT v. Suvas Hitendra Barot (2019) 265 Taxman 230 (SC)
S. 69 : Unexplained investments–AO has not established the any such unaccounted investments – Order of Tribunal is affirmed. [S. 260A]