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2015 (8) TMI 1140 - AT - Income TaxInvestment from undisclosed sources - CIT(A) deleted addition holding that the deposits made in cash were related to HUF of assessee - Held that:- The appellant had not invested any amount for the transfer of agricultural land in his name from Sh. S.N. Thakur, as the land always remained belonging to M/s. KTC Dev. Pvt. Ltd. This is reflected in the audited balance sheet and P & L A/c of M/s. KTC Dev. Pvt. Ltd. and the fact of payment of stamp duty and registration fee by the company and receipt of sale consideration vide sale deed dt. 16.10.2010 by the company. The addition made by the A.O. towards unexplained investment in the lands of the appellant is therefore, deleted and the ground of appeal is allowed - Decided in favour of assessee.
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