https://www.taxtmi.com/caselaws?id=181022 The Tribunal allowed the appeal, overturning the addition of Rs. 29,10,162 as unexplained investment. The Tribunal found that the addition was based on a presumption of on-money payment without concrete evidence, and the appellant's statement under section 132(4) was not a conscious admission. Emphasizing the lack of seized material to support the addition, the Tribunal ruled in favor of the assessee, deleting the contested amount under section 69 of the Income-tax Act. en-us Fri, 14 Mar 2014 00:00:00 +0530 Wed, 06 Apr 2016 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181022 The Tribunal allowed the appeal, overturning the addition of Rs. 29,10,162 as unexplained investment. The Tribunal found that the addition was based on a presumption of on-money payment without concrete evidence, and the appellant's statement under section 132(4) was not a conscious admission. Emphasizing the lack of seized material to support the addition, the Tribunal ruled in favor of the assessee, deleting the contested amount under section 69 of the Income-tax Act. Case-Laws Income Tax Fri, 14 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181022