Husband remits Rs 80L to seller for wife's property, she gets notice; what ITAT said

According to the I-T department’s ‘Insight Portal’, the woman purchased an immovable property worth Rs 1.4 crore during the financial year that ended on March 31, 2016. The portal monitors high-value financial transactions to help detect instances of tax non-payment. The case was about Section 69 of the Income Tax Act, 1961, which deals with unexplained investments.

First reported by Times of India 46 min ago1 source

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Times of India17:0046 min ago
Husband remits Rs 80L to seller for wife's property, she gets notice; what ITAT said (opens Times of India in a new tab)
According to the I-T department’s ‘Insight Portal’, the woman purchased an immovable property worth Rs 1.4 crore during the financial year that ended on March 31, 2016. The portal monitors high-value financial transactions to help detect instances of tax…

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