https://www.taxtmi.com/caselaws?id=271189 The Tribunal confirmed the addition of Rs. 7,44,000 as unexplained investment in Plot No.194/8, emphasizing the significance of the seized document and statement under oath. However, the Tribunal granted partial relief by reducing the estimated undisclosed income from assumed transactions to 10% from 25%. The addition of Rs. 1,76,000 as unexplained investment in Plot No.194/9 was also upheld based on similar reasoning as for Plot No.194/8. The Tribunal disagreed with the addition of Rs. 1,09,764 as unexplained receipt from the sale of silver articles, stating it was not sustainable due to lack of incriminating evidence. en-us Fri, 30 Oct 2015 00:00:00 +0530 Fri, 29 Jan 2016 01:03:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271189 The Tribunal confirmed the addition of Rs. 7,44,000 as unexplained investment in Plot No.194/8, emphasizing the significance of the seized document and statement under oath. However, the Tribunal granted partial relief by reducing the estimated undisclosed income from assumed transactions to 10% from 25%. The addition of Rs. 1,76,000 as unexplained investment in Plot No.194/9 was also upheld based on similar reasoning as for Plot No.194/8. The Tribunal disagreed with the addition of Rs. 1,09,764 as unexplained receipt from the sale of silver articles, stating it was not sustainable due to lack of incriminating evidence. Case-Laws Income Tax Fri, 30 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271189