Held that the assessee, having purchased a residential house jointly with his wife and duly explained the source of his share of investment in the property on the basis of his savings kept in various bank accounts, housing loan and the sale proceeds of a plot,  addition was deleted. As regards the reassessment, the Tribunal held that the PCIT recorded her satisfaction after clearly applying her mind to the reasons recorded by the AO before giving approval, the approval under s. 151 was properly granted. (AY.2012-13)