https://www.taxtmi.com/caselaws?id=68054 An unexplained investment addition was deleted where cash deposits were traced to an earlier gift received by cheque, supported by affidavit and documents that remained unrebutted; a time gap between receipt and deposit was held insufficient to reject the explanation, and suspicion could not substitute for proof. The business concern was also treated as the assessee's proprietary concern rather than a benami entity, so the related income, depreciation, bad debt and loss adjustments were to be assessed substantively in the assessee's hands. en-us Tue, 08 Sep 1992 00:00:00 +0530 Wed, 16 Mar 2011 16:52:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68054 An unexplained investment addition was deleted where cash deposits were traced to an earlier gift received by cheque, supported by affidavit and documents that remained unrebutted; a time gap between receipt and deposit was held insufficient to reject the explanation, and suspicion could not substitute for proof. The business concern was also treated as the assessee's proprietary concern rather than a benami entity, so the related income, depreciation, bad debt and loss adjustments were to be assessed substantively in the assessee's hands. Case-Laws Income Tax Tue, 08 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68054