ITAT Indore sets aside land investment addition for fresh verification of sale deeds

The Income Tax Appellate Tribunal in Indore reviewed a case involving an addition of ₹6.79 lakh treated as unexplained investment under Section 69 of the Income Tax Act. During the proceedings, the tribunal identified conflicting evidence surrounding the underlying land transaction documents. These contradictions necessitated a closer re-examination of the primary records.

Consequently, the tribunal set aside the earlier addition and remanded the matter back for fresh verification. This ensures that the actual sale deeds and related factual records are properly reconciled before any tax liability is finalized. The ruling underscores the necessity of consistent documentary proof when evaluating property-related cash flows.

Assessees facing additions under Section 69 should ensure all property purchase documents and sale deeds are thoroughly reconciled. Tax representatives must prepare to present complete documentary trails during remanded proceedings to resolve conflicting evidence.