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2019 (6) TMI 826 - AT - Income TaxReopening of assessment - unexplained investment - HELD THAT:- The entire source of investment in the impugned property is out of the money received from her husband and the assessee has failed to explain the source of investment. The assessee has failed to prove the nexus between the cash available to her husband and the cash used by her for the investment in the impugned property. It was further noted that the husband of the assessee has deposited an amount of ₹ 10 lacs in cash in his bank account. In any case any money available with her husband has nothing to do with the investment made by the assessee. Since no evidence was furnished for the other half investment in the said property, the entire investment to ₹ 30,29,000/- was rightly considered to be unexplained in the hand of the assessee. Therefore, CIT(A) has rightly confirmed the addition in dispute, which does not need any interference on my part, therefore, uphold the action of the CIT(A) on the issue in dispute and reject the grounds raised by the Assessee.
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