https://www.taxtmi.com/caselaws?id=263292 The appeal was dismissed, and the CIT(A)'s orders deleting the additions under Section 69 for unexplained investment in stock and the disallowance of proportionate interest were upheld by the Tribunal. The Tribunal concurred that the stock statements were estimated and not a valid basis for additions, and the debit balance was a result of regular business transactions, supported by an interest-free loan from a partner. en-us Tue, 10 Feb 2015 00:00:00 +0530 Wed, 19 Aug 2015 16:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263292 The appeal was dismissed, and the CIT(A)'s orders deleting the additions under Section 69 for unexplained investment in stock and the disallowance of proportionate interest were upheld by the Tribunal. The Tribunal concurred that the stock statements were estimated and not a valid basis for additions, and the debit balance was a result of regular business transactions, supported by an interest-free loan from a partner. Case-Laws Income Tax Tue, 10 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263292