https://www.taxtmi.com/caselaws?id=5738 SC affirmed the Tribunal's interpretation of Section 69 of Income-tax Act, ruling that treating unexplained investments as income is discretionary, not mandatory. The Court upheld the Tribunal's decision based on the specific circumstances of the case, considering the assessee's limited resources and background. Appeals were dismissed, maintaining the principle that tax authorities have discretionary power in assessing unexplained investments. en-us Wed, 15 Jan 1997 00:00:00 +0530 Tue, 13 May 2025 16:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5738 SC affirmed the Tribunal's interpretation of Section 69 of Income-tax Act, ruling that treating unexplained investments as income is discretionary, not mandatory. The Court upheld the Tribunal's decision based on the specific circumstances of the case, considering the assessee's limited resources and background. Appeals were dismissed, maintaining the principle that tax authorities have discretionary power in assessing unexplained investments. Case-Laws Income Tax Wed, 15 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5738