https://www.taxtmi.com/caselaws?id=351486 The Tribunal directed the Assessing Officer to re-compute the income of the assessee at 5% of the purchase price, reduced from the initial 10% estimation. The addition of Rs. 4,16,667 as unexplained investment was upheld, along with the addition of Rs. 12,50,000 in unsecured loans. The Tribunal partially allowed the appeal, reducing the income estimation but confirming the other additions made by the authorities. en-us Thu, 27 Jul 2017 00:00:00 +0530 Sat, 25 Nov 2017 09:20:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351486 The Tribunal directed the Assessing Officer to re-compute the income of the assessee at 5% of the purchase price, reduced from the initial 10% estimation. The addition of Rs. 4,16,667 as unexplained investment was upheld, along with the addition of Rs. 12,50,000 in unsecured loans. The Tribunal partially allowed the appeal, reducing the income estimation but confirming the other additions made by the authorities. Case-Laws Income Tax Thu, 27 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351486