2017 (10) TMI 1351 - HC - Income Tax

Addition made on account of unexplained investment in properties as per the diaries recovered w - identity of the property has been established and found to be matching in amount with the seized document which could be treated as corroborative evidence - addition on account of household expenses - Held that - These questions have been separately considered in assessee s own cases. Tribunal correctly deleted the addition

Summary

The Gujarat High Court dismissed the appeal by the Revenue against the judgment of the Income Tax Appellate Tribunal. The appeal raised questions regarding unexplained investment in properties and deletion of household expenses. The court dismissed the appeal without providing separate reasons.