https://www.taxtmi.com/caselaws?id=10778 The court upheld the assessment of unexplained investment as income under section 69 of the Income-tax Act due to a significant discrepancy in the declared and actual payment for a property purchase. The appellant's appeal was dismissed as the Revenue successfully proved the understatement of consideration, establishing the unexplained source of income. The court emphasized the Revenue's burden to demonstrate discrepancies, affirming the lower authorities' decision. en-us Fri, 09 Sep 2005 00:00:00 +0530 Fri, 24 Jul 2009 19:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10778 The court upheld the assessment of unexplained investment as income under section 69 of the Income-tax Act due to a significant discrepancy in the declared and actual payment for a property purchase. The appellant's appeal was dismissed as the Revenue successfully proved the understatement of consideration, establishing the unexplained source of income. The court emphasized the Revenue's burden to demonstrate discrepancies, affirming the lower authorities' decision. Case-Laws Income Tax Fri, 09 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10778