https://www.taxtmi.com/caselaws?id=248356 The High Court held that the Income-tax Appellate Tribunal erred in attributing unaccounted investment in the construction of a hotel building to the company instead of the individual assessee who managed the funds. The court distinguished the case from CIT v. Bijli Cotton Mills Ltd., ruling in favor of the Revenue and against the assessee, affirming the assessment of unexplained investment in the individual's hands. en-us Mon, 10 Feb 2014 00:00:00 +0530 Sat, 21 Feb 2015 17:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248356 The High Court held that the Income-tax Appellate Tribunal erred in attributing unaccounted investment in the construction of a hotel building to the company instead of the individual assessee who managed the funds. The court distinguished the case from CIT v. Bijli Cotton Mills Ltd., ruling in favor of the Revenue and against the assessee, affirming the assessment of unexplained investment in the individual's hands. Case-Laws Income Tax Mon, 10 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248356