https://www.taxtmi.com/caselaws?id=262729 The Tribunal upheld the addition of unexplained investment under section 69 of the Income-tax Act for undisclosed purchases and profit for assessment years 2005-06 and 2006-07. The assessee's appeals were dismissed as they failed to reconcile the differences, lacked proper documentation, and could not substantiate the claimed posting error. The decision aligned with the Commissioner's findings, emphasizing the legal requirements under section 69 and the failure to discharge the burden of proof. en-us Tue, 03 Feb 2015 00:00:00 +0530 Wed, 19 Aug 2015 07:46:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262729 The Tribunal upheld the addition of unexplained investment under section 69 of the Income-tax Act for undisclosed purchases and profit for assessment years 2005-06 and 2006-07. The assessee's appeals were dismissed as they failed to reconcile the differences, lacked proper documentation, and could not substantiate the claimed posting error. The decision aligned with the Commissioner's findings, emphasizing the legal requirements under section 69 and the failure to discharge the burden of proof. Case-Laws Income Tax Tue, 03 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262729