https://www.taxtmi.com/caselaws?id=208524 The Tribunal allowed the appeal by the assessee, directing the deletion of the addition of Rs.2 lakhs under Section 69. It was concluded that the amount belonged to Sri B.V. Ganapathy and not the appellant, as evidenced by the repayment through a cheque and utilization by Ganapathy. The Tribunal emphasized the importance of thorough verification and evidence before attributing unexplained income to an assessee. en-us Fri, 15 Jan 2010 00:00:00 +0530 Fri, 06 Jan 2012 16:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208524 The Tribunal allowed the appeal by the assessee, directing the deletion of the addition of Rs.2 lakhs under Section 69. It was concluded that the amount belonged to Sri B.V. Ganapathy and not the appellant, as evidenced by the repayment through a cheque and utilization by Ganapathy. The Tribunal emphasized the importance of thorough verification and evidence before attributing unexplained income to an assessee. Case-Laws Income Tax Fri, 15 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208524