https://www.taxtmi.com/caselaws?id=185198 The High Court allowed the appeal, setting aside the order of the income tax Appellate Tribunal confirming unexplained investment under section 69 of the Income Tax Act for the assessment year 1998-99. The court found in favor of the assessee, determining that the transactions declared in the regular returns were not taxable under section 69 and that the goods sold were not the same as those declared under the Voluntary Declaration of Income Scheme 1997. The case was remitted to the Assessing Officer for fresh orders based on the court's judgment. en-us Mon, 22 Sep 2008 00:00:00 +0530 Wed, 03 Aug 2016 16:25:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185198 The High Court allowed the appeal, setting aside the order of the income tax Appellate Tribunal confirming unexplained investment under section 69 of the Income Tax Act for the assessment year 1998-99. The court found in favor of the assessee, determining that the transactions declared in the regular returns were not taxable under section 69 and that the goods sold were not the same as those declared under the Voluntary Declaration of Income Scheme 1997. The case was remitted to the Assessing Officer for fresh orders based on the court's judgment. Case-Laws Income Tax Mon, 22 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185198