https://www.taxtmi.com/caselaws?id=243280 The High Court ruled in favor of the revenue, deciding that the unaccounted investment in the building construction should be assessed in the individual assessee's hands, not the company's. The Court found that the company's adoption of expenses did not explain the unaccounted investment, differing from the precedent cited. The Tribunal's reliance on a specific case was deemed erroneous due to the differing circumstances, leading to the assessment of the unexplained investment in the individual's hands. en-us Thu, 23 Jan 2014 00:00:00 +0530 Wed, 29 Jan 2014 10:18:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243280 The High Court ruled in favor of the revenue, deciding that the unaccounted investment in the building construction should be assessed in the individual assessee's hands, not the company's. The Court found that the company's adoption of expenses did not explain the unaccounted investment, differing from the precedent cited. The Tribunal's reliance on a specific case was deemed erroneous due to the differing circumstances, leading to the assessment of the unexplained investment in the individual's hands. Case-Laws Income Tax Thu, 23 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243280