https://www.taxtmi.com/caselaws?id=3151 Unexplained investment additions can be sustained only when the Assessing Officer's inference is supported by material evidence capable of rebutting the assessee's explanation. On the plots, properties and house construction issue, the appellate authorities accepted long-standing tax compliance, supporting income records and uncontroverted lender affidavits, and the deletion of the addition was upheld. On jewellery and other valuables, the Tribunal held that mere conjecture or surmise cannot justify rejection of the explanation absent rebuttal material, and the deletion was likewise upheld. The Revenue's challenge failed because no substantial question of law arose from these evidence-based findings. en-us Wed, 18 Apr 2007 00:00:00 +0530 Tue, 20 Sep 2011 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3151 Unexplained investment additions can be sustained only when the Assessing Officer's inference is supported by material evidence capable of rebutting the assessee's explanation. On the plots, properties and house construction issue, the appellate authorities accepted long-standing tax compliance, supporting income records and uncontroverted lender affidavits, and the deletion of the addition was upheld. On jewellery and other valuables, the Tribunal held that mere conjecture or surmise cannot justify rejection of the explanation absent rebuttal material, and the deletion was likewise upheld. The Revenue's challenge failed because no substantial question of law arose from these evidence-based findings. Case-Laws Income Tax Wed, 18 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3151