https://www.taxtmi.com/caselaws?id=65301 Opening capital balance cannot be treated as unexplained investment where it represents carried-forward capital from an earlier business period, and a small current-year capital addition is fully covered by available drawings. The closing capital of Rs. 7,481 was held not to be fresh investment in the relevant year, and the further Rs. 500 was absorbed by drawings of Rs. 6,990. The addition of Rs. 7,981 was therefore deleted. en-us Tue, 01 Jun 1982 00:00:00 +0530 Mon, 14 Feb 2011 17:35:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65301 Opening capital balance cannot be treated as unexplained investment where it represents carried-forward capital from an earlier business period, and a small current-year capital addition is fully covered by available drawings. The closing capital of Rs. 7,481 was held not to be fresh investment in the relevant year, and the further Rs. 500 was absorbed by drawings of Rs. 6,990. The addition of Rs. 7,981 was therefore deleted. Case-Laws Income Tax Tue, 01 Jun 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65301