https://www.taxtmi.com/caselaws?id=332592 Unexplained investment in agricultural land was deleted where the assessee produced material explaining the source of funds and the surrounding evidence did not support the addition. The Tribunal noted that the land agreement was neither signed by the assessee nor registered, and the revenue records or seller's statement were not verified; on that basis, the document could not by itself substantiate the investment. Even otherwise, affidavits, bank statements, land-sale evidence and a sale letter were accepted as explaining contributions from family members and sale proceeds of a dumper. The appeal was allowed and the addition was deleted. en-us Sat, 13 Aug 2016 00:00:00 +0530 Wed, 21 Sep 2016 15:51:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332592 Unexplained investment in agricultural land was deleted where the assessee produced material explaining the source of funds and the surrounding evidence did not support the addition. The Tribunal noted that the land agreement was neither signed by the assessee nor registered, and the revenue records or seller's statement were not verified; on that basis, the document could not by itself substantiate the investment. Even otherwise, affidavits, bank statements, land-sale evidence and a sale letter were accepted as explaining contributions from family members and sale proceeds of a dumper. The appeal was allowed and the addition was deleted. Case-Laws Income Tax Sat, 13 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332592