https://www.taxtmi.com/caselaws?id=9517 The HC held that the Tribunal erred in directing the AO to treat the value of 10 MT of HDPE powder as unexplained investment under section 69. The assessee had recorded purchase, sales and closing stock in regular books, made bank payments for the goods, and explained source and nature of the investment; the AO had not rejected the books and the Revenue did not show the account belonged to the assessee or that withdrawals reached the assessee. On these facts the Tribunal's addition was unjustified and was set aside. en-us Mon, 17 Jan 2005 00:00:00 +0530 Mon, 22 Sep 2025 19:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9517 The HC held that the Tribunal erred in directing the AO to treat the value of 10 MT of HDPE powder as unexplained investment under section 69. The assessee had recorded purchase, sales and closing stock in regular books, made bank payments for the goods, and explained source and nature of the investment; the AO had not rejected the books and the Revenue did not show the account belonged to the assessee or that withdrawals reached the assessee. On these facts the Tribunal's addition was unjustified and was set aside. Case-Laws Income Tax Mon, 17 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9517