https://www.taxtmi.com/caselaws?id=328940 The Tribunal's reliance on the valuation by the District Registrar/Appellate Authority without assigning reasons was deemed unsustainable and arbitrary. The appellant's challenge against the addition under Section 69 of the Income Tax Act was successful as the court ruled in favor of the appellant, setting aside the addition based on unexplained investment. The court emphasized the lack of independent material evidence to support the addition, ultimately allowing the appeal. en-us Tue, 07 Jun 2016 00:00:00 +0530 Sat, 18 Jun 2016 08:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328940 The Tribunal's reliance on the valuation by the District Registrar/Appellate Authority without assigning reasons was deemed unsustainable and arbitrary. The appellant's challenge against the addition under Section 69 of the Income Tax Act was successful as the court ruled in favor of the appellant, setting aside the addition based on unexplained investment. The court emphasized the lack of independent material evidence to support the addition, ultimately allowing the appeal. Case-Laws Income Tax Tue, 07 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328940