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TMI Blog2024 (8) TMI 223X X X X Extracts X X X X X X X X Extracts X X X X ..... hdrawal for the purpose of his daughter s marriage who recently completed her Master in Pharmacy. Postponing assessee-father s plan, the daughter wanted to continue further education/studies and by her fortunate she was able to get admission in Narsee Monjee Institute of Management Studies, Shirpur, Dist. Dhule on 16/07/2016 for MBA degree . But natural the assessee had to postpone daughter s marr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g [ 2019 (7) TMI 410 - SC ORDER ] is not entitled to treat the same as unexplained income u/s 69A of the Act and saddled the assessee on mere conjecture guesswork. We set-aside the impugned order and direct the Ld. AO to delete the addition in its entirety. Assessee appeal allowed. - Hon ble Shri G. D. Padmahshali, Accountant Member And Shri Vinay Bhamore, Judicial Member For the Assessee : None ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ules, 1963, ergo advanced accordingly. 3. Heard the Ld. DR and subject to rule 18 of ITAT-Rules 1963 perused material placed on record, considered the facts in the light of settled legal position. 4. We note that, the assessee is an individual who filed his return of income u/s 139(1) of the Act declaring total income at ₹1,98,650/-. The return of the assessee was selected for scrutiny and w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ter s marriage who recently completed her Master in Pharmacy. Postponing assessee-father s plan, the daughter wanted to continue further education/studies and by her fortunate she was able to get admission in Narsee Monjee Institute of Management Studies, Shirpur, Dist. Dhule on 16/07/2016 for MBA degree . But natural the assessee had to postpone daughter s marriage plan due to which the balance c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... com 93 (SC)] is not entitled to treat the same as unexplained income u/s 69A of the Act and saddled the assessee on mere conjecture guesswork. 7. In view of the aforestated discussion and applying the ratio laid in the former judicial precedents, we see no reasons in countenancing the action of both the tax authorities below. Consequently, we set-aside the impugned order and direct the Ld. AO to d ..... X X X X Extracts X X X X X X X X Extracts X X X X
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