https://www.taxtmi.com/caselaws?id=72033 The Tribunal allowed the appeal, determining that the Rs. 23,15,000 received by the assessee was not unexplained income for the assessment year. It was found that the amount was received on behalf of the assessee's relatives for house construction, not for the assessee himself. The Tribunal criticized the lack of independent inquiry by the Assessing Officer and the reliance on insufficient evidence. The assessee was not given the opportunity to cross-examine witnesses, leading to the conclusion that the Revenue's assessment under Section 69A of the IT Act was unfounded. en-us Fri, 25 Apr 2008 00:00:00 +0530 Wed, 12 Jun 2013 17:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72033 The Tribunal allowed the appeal, determining that the Rs. 23,15,000 received by the assessee was not unexplained income for the assessment year. It was found that the amount was received on behalf of the assessee's relatives for house construction, not for the assessee himself. The Tribunal criticized the lack of independent inquiry by the Assessing Officer and the reliance on insufficient evidence. The assessee was not given the opportunity to cross-examine witnesses, leading to the conclusion that the Revenue's assessment under Section 69A of the IT Act was unfounded. Case-Laws Income Tax Fri, 25 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72033