Failure to Substantiate Genuineness of Source of investment with Respect to Purchase of immovable Property: ITAT directs Readjudication

By Aparna. M - On February 10, 2024 1:01 pm - 2 mins read
ITAT Pune - ITAT Immovable Property Case - purchase of immovable property - readjudication - Taxscan

The Pune bench of Income Tax Appellate Tribunal ( ITAT ) directs readjudication on account of failure to substantiate genuineness of source of investment with respect to purchase of immovable property  The assessee Siddikha M. Pathan along with three others purchased an immovable property for a total consideration of Rs.1.00 crore, in which all the four persons had…

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