Assessee purchased a property from unitech availing loan from a company named ACE. Held that the assessee sufficiently established that loan transaction by RTGS was same as per loan confirmation . it was concluded that ld. Authorities have fallen in error in not appreciating the fact in correct perspective. Thus there was no justification for making the addition. (AY. 2015-16)
Shalini Gupta v. ACIT (2023) 203 ITD 138 ( Delhi)( Trib)
S.69: Unexplained investment – Mismatch of dates in customer ledger account – Addition is not justified .