https://www.taxtmi.com/caselaws?id=206693 The High Court affirmed the Tribunal's decision to add undisclosed investment to the income of the assessee due to the inability to prove the identity and creditworthiness of the creditor and the genuineness of the transaction. The Court dismissed the income tax appeal, upholding the addition of the undisclosed investment and emphasizing the necessity for the assessee to establish the legitimacy of the financial transactions. en-us Mon, 10 Oct 2011 00:00:00 +0530 Thu, 10 Nov 2011 06:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206693 The High Court affirmed the Tribunal's decision to add undisclosed investment to the income of the assessee due to the inability to prove the identity and creditworthiness of the creditor and the genuineness of the transaction. The Court dismissed the income tax appeal, upholding the addition of the undisclosed investment and emphasizing the necessity for the assessee to establish the legitimacy of the financial transactions. Case-Laws Income Tax Mon, 10 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206693