https://www.taxtmi.com/caselaws?id=234001 The ITAT partially allowed the appeal, dismissing the challenge to the assessment order's validity as withdrawn. It deleted the addition of Rs.10.5 lakh for unexplained investment, citing lack of justification for income addition. The issue of Rs.83,000 undisclosed FDR value was set aside for further verification due to discrepancies. The disallowance of depreciation on a computer was remanded for proper assessment, as evidence was submitted. The ITAT stressed the significance of documentation and valuation evidence in tax assessments. en-us Mon, 13 May 2013 00:00:00 +0530 Fri, 24 May 2013 08:46:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234001 The ITAT partially allowed the appeal, dismissing the challenge to the assessment order's validity as withdrawn. It deleted the addition of Rs.10.5 lakh for unexplained investment, citing lack of justification for income addition. The issue of Rs.83,000 undisclosed FDR value was set aside for further verification due to discrepancies. The disallowance of depreciation on a computer was remanded for proper assessment, as evidence was submitted. The ITAT stressed the significance of documentation and valuation evidence in tax assessments. Case-Laws Income Tax Mon, 13 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234001