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.