Unexplained Investment Addition Solely Based on Third Party Statement Cannot Be Sustained Without Supporting Documents, Holds ITAT:
ITAT deletes unexplained investment addition, holding that a third-party statement without corroborative evidence cannot establish undisclosed property investment.
ITAT Deletes Rs 23.09 Lakh Unexplained Investment Addition
Saloni Kumari
Aug 12, 2026Premium
Unexplained Investment Addition Solely Based on Third Party Statement Cannot Be Sustained Without Supporting Documents, Holds ITAT
ITAT deletes unexplained investment addition, holding that a third-party statement without corroborative evidence cannot establish undisclosed property investment.
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Saloni Kumari
Content Writer
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].
StudyCafe
Delhi, Delhi, India
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