ITAT Deletes Section 69 Addition as Property Purchase Was Already Disclosed in Return Filed Under New PAN:
The ITAT has held that an investment in immovable property cannot be taxed as unexplained where the assessee had disclosed the transaction in the return of income filed under a newly issued PAN.
ITAT Holds Investment in Immovable Property Cannot be Treated as Unexplained
Saima
Jul 9, 2026
Premium
ITAT Deletes Section 69 Addition as Property Purchase Was Already Disclosed in Return Filed Under New PAN
The ITAT has held that an investment in immovable property cannot be taxed as unexplained where the assessee had disclosed the transaction in the return of income filed under a newly issued PAN.
Also Read
ITAT Remands Rs 1.30 Crore Unexplained Money Addition and Penalty for Fresh HearingITAT Deletes Section 43 Penalty for Non-Disclosure of Foreign Assets in Schedule FAITAT Remands Rs 2.20 Crore Addition Under Section 69C for Fresh ExaminationITAT Remands Interest Addition to CIT(A) for Fresh Adjudication Due to Email Access Issues
About Author
Saima
Content Writer
Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
StudyCafe
Delhi, Delhi, India
573My Recent Articles
- ITAT Remands Rs 1.30 Crore Unexplained Money Addition and Penalty for Fresh Hearing
- ITAT Remands Rs 2.20 Crore Addition Under Section 69C for Fresh Examination
- ITAT Remands Interest Addition to CIT(A) for Fresh Adjudication Due to Email Access Issues
- ITAT Upholds Disallowance of Political Donation Deduction Under Section 80GGC
- ITAT Deletes Penalty for Misreporting Income on Political Donation Deduction Under Section 80GGC
Up Next
Loading suggestions…
Recent Posts
All Posts
Recent Posts
All Posts