2023 (9) TMI 327 - ITAT SURAT

Addition u/s 69 - unexplained investment - As per assessee he fully explained since the same has been made from past savings as well as tax-free RBI Relief bonds interest income and hence, it needs to be deleted - HELD THAT:- As assessee has explained the source of investment with help of the bank statement, wherein the assessee has explained the source of the investment made by him and exempted interest received - The assessee need not prove the source of the source, however in this case, the assessee has proved the source of the source also about the disputed amount - Therefore, considering these facts,we delete the addition - Decided in favour of assessee.