https://www.taxtmi.com/caselaws?id=341082 The appeal was filed against the Commissioner of Income Tax (Appeals) order for the assessment year 2006-07. The Assessing Officer found discrepancies in property transactions by the assessee, leading to an addition of unexplained investment under section 69 of the Act. The assessee's explanations were disbelieved, particularly concerning an alleged advance from a third party. The Judicial Member criticized procedural irregularities during assessment, including lack of cross-examination opportunities and improper inquiries. Ultimately, the addition under section 69 was deemed unsustainable, partially allowing the appeal. en-us Mon, 27 Mar 2017 00:00:00 +0530 Sat, 01 Apr 2017 09:31:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341082 The appeal was filed against the Commissioner of Income Tax (Appeals) order for the assessment year 2006-07. The Assessing Officer found discrepancies in property transactions by the assessee, leading to an addition of unexplained investment under section 69 of the Act. The assessee's explanations were disbelieved, particularly concerning an alleged advance from a third party. The Judicial Member criticized procedural irregularities during assessment, including lack of cross-examination opportunities and improper inquiries. Ultimately, the addition under section 69 was deemed unsustainable, partially allowing the appeal. Case-Laws Income Tax Mon, 27 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341082