https://www.taxtmi.com/caselaws?id=340390 The High Court dismissed the appeal, upholding the Tribunal's decision to delete the additions under Section 69 of the Income Tax Act for undisclosed investments in shares. The Court emphasized the necessity of corroborative evidence and concrete proof to levy such additions, highlighting that mere suspicion or lack of incriminating material was insufficient. Relying on past judicial decisions, the Court concluded that the Revenue's claims lacked legal justification and upheld the Tribunal's decision for both Assessment Years. en-us Mon, 06 Mar 2017 00:00:00 +0530 Thu, 19 Mar 2026 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340390 The High Court dismissed the appeal, upholding the Tribunal's decision to delete the additions under Section 69 of the Income Tax Act for undisclosed investments in shares. The Court emphasized the necessity of corroborative evidence and concrete proof to levy such additions, highlighting that mere suspicion or lack of incriminating material was insufficient. Relying on past judicial decisions, the Court concluded that the Revenue's claims lacked legal justification and upheld the Tribunal's decision for both Assessment Years. Case-Laws Income Tax Mon, 06 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340390