https://www.taxtmi.com/caselaws?id=247505 The Tribunal allowed the assessee's appeal, ruling that the short-term capital gain from the sale of shares was genuine and not income from undisclosed sources. The addition of unexplained expenditure under Section 69C was dismissed. The judgment highlighted the importance of conducting a specific inquiry and requiring evidence before making adverse inferences against the assessee. en-us Wed, 30 Apr 2014 00:00:00 +0530 Wed, 14 May 2014 08:34:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247505 The Tribunal allowed the assessee's appeal, ruling that the short-term capital gain from the sale of shares was genuine and not income from undisclosed sources. The addition of unexplained expenditure under Section 69C was dismissed. The judgment highlighted the importance of conducting a specific inquiry and requiring evidence before making adverse inferences against the assessee. Case-Laws Income Tax Wed, 30 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247505