https://www.taxtmi.com/caselaws?id=68213 The tribunal allowed the appeal of the assessee, holding that the AO's addition of Rs. 10,64,500 as unexplained investment was not supported by sufficient evidence. The tribunal emphasized the importance of adhering to principles of natural justice and the burden of proof in cases alleging benami transactions. The assessment based on the ADIT's report without independent verification and proper opportunity for the assessee to rebut the evidence was deemed unjust and unwarranted. en-us Tue, 17 Dec 2002 00:00:00 +0530 Wed, 20 Jun 2012 18:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68213 The tribunal allowed the appeal of the assessee, holding that the AO's addition of Rs. 10,64,500 as unexplained investment was not supported by sufficient evidence. The tribunal emphasized the importance of adhering to principles of natural justice and the burden of proof in cases alleging benami transactions. The assessment based on the ADIT's report without independent verification and proper opportunity for the assessee to rebut the evidence was deemed unjust and unwarranted. Case-Laws Income Tax Tue, 17 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68213