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2019 (12) TMI 918 - AT - Income TaxAddition u/s 69 - assessee had purchased two properties during the year under consideration and stated that he had taken loan from relatives in part and rest was invested out of his own sources - HELD THAT:- Contention of the assessee was not accepted by the Ld. CIT(A) on the ground that the assessee has been changing his stance. Assessee has also furnished certain documentary evidences demonstrating that the joint owner of the property being brother of the assessee has also contributed for the acquisition of property as he made remittances from Kuwait. It is a fact that the assessee has been changing his stand but it is also fact that the assessee has filed certain evidences in support of his contention that the brother of assessee remitted certain amounts from Kuwait who happened to be co-owner of the properties in question. There is no finding by the lower authorities as to what happened to money which the assessee claimed to have received as gift/loan. Under these facts, we deem it proper to restore this issue to the file of the Ld. CIT(A) to decide the issue afresh after examining the aspect of remittance by the co-owner of the property and also the loan/gift claimed by the assessee. Ground of the assessee’s appeal is allowed for statistical purposes.
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