https://www.taxtmi.com/caselaws?id=234004 The tribunal dismissed the appeal, affirming the legality and factual correctness of the Commissioner (Appeals) order. The assessee voluntarily surrendered Rs. 9.99 lakhs as additional income due to unexplained sources of funds for a land purchase. The tribunal upheld the disallowance of interest claimed on a loan not for business purposes and the addition of Rs. 9.99 lakhs as unexplained investment under Section 69 of the Income-tax Act. The appeal was dismissed, and the order was pronounced on 13th May, 2013. en-us Mon, 13 May 2013 00:00:00 +0530 Fri, 24 May 2013 08:46:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234004 The tribunal dismissed the appeal, affirming the legality and factual correctness of the Commissioner (Appeals) order. The assessee voluntarily surrendered Rs. 9.99 lakhs as additional income due to unexplained sources of funds for a land purchase. The tribunal upheld the disallowance of interest claimed on a loan not for business purposes and the addition of Rs. 9.99 lakhs as unexplained investment under Section 69 of the Income-tax Act. The appeal was dismissed, and the order was pronounced on 13th May, 2013. Case-Laws Income Tax Mon, 13 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234004