https://www.taxtmi.com/caselaws?id=62732 An addition for alleged unexplained investment in ball-bearings was deleted because the assessee showed the items were old, unserviceable and treated as scrap, and the business records did not evidence any fresh unexplained purchase during the year. The appellate authority accepted this factual explanation after considering the prior year repair account and the Revenue's failure to bring evidence of undisclosed acquisition. The Tribunal found no basis to disturb that appreciation of evidence, and the deletion of the addition was upheld. en-us Tue, 26 Nov 2002 00:00:00 +0530 Fri, 21 Jan 2011 13:19:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62732 An addition for alleged unexplained investment in ball-bearings was deleted because the assessee showed the items were old, unserviceable and treated as scrap, and the business records did not evidence any fresh unexplained purchase during the year. The appellate authority accepted this factual explanation after considering the prior year repair account and the Revenue's failure to bring evidence of undisclosed acquisition. The Tribunal found no basis to disturb that appreciation of evidence, and the deletion of the addition was upheld. Case-Laws Income Tax Tue, 26 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62732