https://www.taxtmi.com/caselaws?id=69174 An addition for unexplained investment/professional income was disallowed where the assessee's returned income had been accepted in earlier years and showed a progressive increase. The addition rested on an estimate of household expenses and a difference between interest received and annuity deposit refund figures. On the facts, the household expense estimate was found excessive and the stated difference substantially explained the amount added. The assessee's explanation was accepted as the more probable one, so the addition was held not justified and deletion was upheld in favour of the assessee. en-us Wed, 09 Jul 1975 00:00:00 +0530 Tue, 05 Apr 2011 15:59:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69174 An addition for unexplained investment/professional income was disallowed where the assessee's returned income had been accepted in earlier years and showed a progressive increase. The addition rested on an estimate of household expenses and a difference between interest received and annuity deposit refund figures. On the facts, the household expense estimate was found excessive and the stated difference substantially explained the amount added. The assessee's explanation was accepted as the more probable one, so the addition was held not justified and deletion was upheld in favour of the assessee. Case-Laws Income Tax Wed, 09 Jul 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69174