https://www.taxtmi.com/caselaws?id=265658 The case involved appeals against the addition made under Section 69 of the Act for unexplained investment. The Assessing Officer had treated a capital contribution as unexplained, but the CIT(A) partially confirmed the addition. Ultimately, the CIT(A) deleted an addition of Rs. 15,00,000, emphasizing the established identity of the creditors and genuineness of the transactions. Both the assessee and the Revenue appealed the decision, but the Tribunal upheld the CIT(A)'s decision on the investment sources and interest calculation issues, dismissing both appeals on July 31, 2014. en-us Thu, 31 Jul 2014 00:00:00 +0530 Tue, 13 Oct 2015 21:53:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265658 The case involved appeals against the addition made under Section 69 of the Act for unexplained investment. The Assessing Officer had treated a capital contribution as unexplained, but the CIT(A) partially confirmed the addition. Ultimately, the CIT(A) deleted an addition of Rs. 15,00,000, emphasizing the established identity of the creditors and genuineness of the transactions. Both the assessee and the Revenue appealed the decision, but the Tribunal upheld the CIT(A)'s decision on the investment sources and interest calculation issues, dismissing both appeals on July 31, 2014. Case-Laws Income Tax Thu, 31 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265658