https://www.taxtmi.com/caselaws?id=68296 The Tribunal upheld the CIT(A)'s decision to add Rs. 18,00,000 for unexplained investment, rejecting the argument that only the "Piara Singh" decision should be followed. Additionally, the Tribunal agreed with the denial of deduction for confiscated goods and currency, citing distinctions between losses from lawful and unlawful business activities. The appeal was dismissed, affirming the CIT(A)'s order on both issues. en-us Tue, 07 Nov 2006 00:00:00 +0530 Fri, 14 Jun 2013 15:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68296 The Tribunal upheld the CIT(A)'s decision to add Rs. 18,00,000 for unexplained investment, rejecting the argument that only the "Piara Singh" decision should be followed. Additionally, the Tribunal agreed with the denial of deduction for confiscated goods and currency, citing distinctions between losses from lawful and unlawful business activities. The appeal was dismissed, affirming the CIT(A)'s order on both issues. Case-Laws Income Tax Tue, 07 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68296