https://www.taxtmi.com/caselaws?id=65807 The Tribunal allowed the appeal, overturning the addition of Rs. 52,360 under section 69 of the Income Tax Act, 1961. The Tribunal found that the provision did not apply as there was no evidence of unexplained investments amounting to the disputed sum, rendering the presumption under section 69 inapplicable. The Tribunal ruled in favor of the assessee, directing the deletion of the added amount upheld by the AAC. en-us Mon, 27 Feb 1984 00:00:00 +0530 Fri, 18 Feb 2011 17:56:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65807 The Tribunal allowed the appeal, overturning the addition of Rs. 52,360 under section 69 of the Income Tax Act, 1961. The Tribunal found that the provision did not apply as there was no evidence of unexplained investments amounting to the disputed sum, rendering the presumption under section 69 inapplicable. The Tribunal ruled in favor of the assessee, directing the deletion of the added amount upheld by the AAC. Case-Laws Income Tax Mon, 27 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65807