Kajari Banerjee (Smt.) v. ITO (2025) 211 ITD 358 (Kol.)(Trib.)

S. 69 :Unexplained investments-Investment in flat which was made in earlier year-Reflected in balance sheet-Addition is deleted.

Assessing Officer made addition under section 69 on account of investment in flat by assessee which was not explained. CIT(A) dismissed the appeal. On appeal the Tribunal held that investment in flat was made in earlier year and was duly reflected in balance sheet of assessee. Addition is deleted. (AY. 2020-21)

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