₹66 lakh tax penalty over son’s ₹1.1 crore flat: How senior citizen won ITAT relief

A senior citizen in Navi Mumbai successfully challenged a ₹2.20 crore tax addition imposed by the Income Tax Department. The department had treated two documents for the same flat as separate purchases, leading to a ₹66 lakh tax penalty. The Income Tax Appellate Tribunal (ITAT) granted relief, emphasizing that joint ownership alone does not establish who funded a property and that payment records are crucial.