https://www.taxtmi.com/caselaws?id=67336 Documentary evidence showing sale proceeds from the assessee's own house and plot, along with loans from LIC, provident fund advances and savings, was treated as sufficient to explain the funds used for residential house construction. The Inspector's estimate was found to lack firm basis, and the additional evidence should have been considered in the interest of justice and fair play. On that footing, the source of investment was held to be properly explained and the addition of Rs. 20,000 as unexplained investment was unjustified, with the issue decided in favour of the assessee. en-us Thu, 11 Dec 1980 00:00:00 +0530 Thu, 10 Mar 2011 11:27:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67336 Documentary evidence showing sale proceeds from the assessee's own house and plot, along with loans from LIC, provident fund advances and savings, was treated as sufficient to explain the funds used for residential house construction. The Inspector's estimate was found to lack firm basis, and the additional evidence should have been considered in the interest of justice and fair play. On that footing, the source of investment was held to be properly explained and the addition of Rs. 20,000 as unexplained investment was unjustified, with the issue decided in favour of the assessee. Case-Laws Income Tax Thu, 11 Dec 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67336