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2021 (7) TMI 8 - AT - Income TaxUnexplained investment in purchase of the property - co-ownership - double addition - CIT-A deleted the addition - HELD THAT:- CIT(A) has accepted the assessee's contentions inter alia that the impugned sum involved an amount had been invested by her husband than herself and therefore, the same ought not have been taxed in his hands only. It further transpires regarding the balance sum of ₹ 22,00,000/- that the assessee has sufficiently explained sources thereof by filing return for A.Y. 2015-16 along with balance sheet and other supportive evidences. Thus, lower appellate findings deciding the issue in assessee's favour has nowhere been rebutted from the department side. We thus see no merit in Revenue's instant sole substantive ground. The same stands rejected accordingly. Revenue's appeal is dismissed.
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