https://www.taxtmi.com/caselaws?id=247516 The appeal was successful in deleting the addition of Rs 1 crore for unexplained investment in land at Samalkha as the MoU and receipt were unsigned, and the transaction did not materialize. The Tribunal emphasized the burden of proof on the AO, which was not met. Similarly, the addition of Rs 57 lacs for Udyog Vihar property was dismissed due to lack of evidence supporting the revenue's claim of unexplained cash investment, with no legal issues identified. The appeal was ultimately dismissed in both instances as no legal questions were raised for consideration. en-us Thu, 08 May 2014 00:00:00 +0530 Wed, 18 Feb 2015 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247516 The appeal was successful in deleting the addition of Rs 1 crore for unexplained investment in land at Samalkha as the MoU and receipt were unsigned, and the transaction did not materialize. The Tribunal emphasized the burden of proof on the AO, which was not met. Similarly, the addition of Rs 57 lacs for Udyog Vihar property was dismissed due to lack of evidence supporting the revenue's claim of unexplained cash investment, with no legal issues identified. The appeal was ultimately dismissed in both instances as no legal questions were raised for consideration. Case-Laws Income Tax Thu, 08 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247516