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2017 (9) TMI 1704 - HC - Income TaxUnexplained investment in house property - statement recorded u/s 132(4) of the assessee surrendering ₹ 1 crore on this point - ITAT deleted the addition - Held that:- Taking into account the observations made by the tribunal where after calculation and taking into account true facts and evidence on record the finding has been arrived by the tribunal on the basis of rationality and reading out the documents under its true spirit. In the circumstances, the finding arrived at by the tribunal cannot be disturbed and being the final fact finding authority, the view taken by the tribunal is just and proper. - Decided in favour of the assessee and against the department.
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