https://www.taxtmi.com/caselaws?id=71190 The ITAT partially allowed the assessee's appeal, deleting several additions. The tribunal removed Rs. 3,76,062 for deficit stock, Rs. 10,89,370 and Rs. 6,28,831 for unexplained expenditure and investment, Rs. 1,24,463 under s. 40A(3), and Rs. 25,000 for deposit certificates. It reduced the unexplained gold jewelry addition to Rs. 78,200. However, it upheld the Rs. 1 lakh unexplained investment and dismissed the Rs. 14,080 estimated profit addition as 'Not pressed.' The tribunal emphasized the lack of evidence and misapplication of block assessment provisions by the AO. en-us Wed, 02 Mar 2005 00:00:00 +0530 Tue, 17 Mar 2026 18:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71190 The ITAT partially allowed the assessee's appeal, deleting several additions. The tribunal removed Rs. 3,76,062 for deficit stock, Rs. 10,89,370 and Rs. 6,28,831 for unexplained expenditure and investment, Rs. 1,24,463 under s. 40A(3), and Rs. 25,000 for deposit certificates. It reduced the unexplained gold jewelry addition to Rs. 78,200. However, it upheld the Rs. 1 lakh unexplained investment and dismissed the Rs. 14,080 estimated profit addition as 'Not pressed.' The tribunal emphasized the lack of evidence and misapplication of block assessment provisions by the AO. Case-Laws Income Tax Wed, 02 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71190