https://www.taxtmi.com/caselaws?id=201801 The High Court upheld the Tribunal's decisions on both issues, affirming the addition of Rs. 5.85 lakhs as unexplained investment due to discrepancies in proving the source and timing of cash loans used for the investment. Additionally, the Court upheld the addition of Rs. 1,43,660 for the year 1997-98, as the appellant failed to demonstrate proper accounting and payment of advance tax on the income, leading to the dismissal of the appeal. Compliance with Income-tax Act provisions and proper documentation were highlighted as crucial in avoiding such additions during assessments. en-us Fri, 18 Dec 2009 00:00:00 +0530 Sat, 29 Dec 2012 16:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201801 The High Court upheld the Tribunal's decisions on both issues, affirming the addition of Rs. 5.85 lakhs as unexplained investment due to discrepancies in proving the source and timing of cash loans used for the investment. Additionally, the Court upheld the addition of Rs. 1,43,660 for the year 1997-98, as the appellant failed to demonstrate proper accounting and payment of advance tax on the income, leading to the dismissal of the appeal. Compliance with Income-tax Act provisions and proper documentation were highlighted as crucial in avoiding such additions during assessments. Case-Laws Income Tax Fri, 18 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201801