https://www.taxtmi.com/caselaws?id=219354 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer to permit the set off of business loss against income assessed as unexplained investment under section 69 of the Income Tax Act. The Tribunal held that since the source of the cash deposits was not proven, the unexplained investments should be treated as "income from other sources," allowing for the set off of business loss as per section 71 of the Act. en-us Thu, 26 Jul 2012 00:00:00 +0530 Wed, 06 Apr 2016 14:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219354 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer to permit the set off of business loss against income assessed as unexplained investment under section 69 of the Income Tax Act. The Tribunal held that since the source of the cash deposits was not proven, the unexplained investments should be treated as "income from other sources," allowing for the set off of business loss as per section 71 of the Act. Case-Laws Income Tax Thu, 26 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219354