ITAT Deletes Section 69 Unexplained Investment Addition After Father-in-Law’s ITR Establishes Source of Stamp Duty Payment:

ITAT deleted a Section 69 addition after accepting the assessee’s father-in-law’s ITR as documentary evidence establishing his identity, financial capacity and genuineness of the source.
No Unexplained Investment Addition Can Be Imposed Where Father-in-Law’s Creditworthiness Is Proved

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ITAT Deletes Section 69 Unexplained Investment Addition After Father-in-Law’s ITR Establishes Source of Stamp Duty Payment
ITAT deleted a Section 69 addition after accepting the assessee’s father-in-law’s ITR as documentary evidence establishing his identity, financial capacity and genuineness of the source.
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Saloni Kumari
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Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
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