https://www.taxtmi.com/caselaws?id=197675 The tribunal confirmed the addition of undisclosed investments by the assessee, emphasizing the importance of aligning balance sheet entries with actual transactions. The authorities found discrepancies in the balance sheet and investments declared by the assessee, leading to the addition being upheld. Despite the appellant's claims that the investments were not real and merely book entries, the tribunal ruled in favor of the tax authorities, highlighting the significance of providing a clear source for investments to avoid discrepancies and tax implications. en-us Fri, 03 Feb 2017 00:00:00 +0530 Fri, 12 Jan 2018 08:00:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197675 The tribunal confirmed the addition of undisclosed investments by the assessee, emphasizing the importance of aligning balance sheet entries with actual transactions. The authorities found discrepancies in the balance sheet and investments declared by the assessee, leading to the addition being upheld. Despite the appellant's claims that the investments were not real and merely book entries, the tribunal ruled in favor of the tax authorities, highlighting the significance of providing a clear source for investments to avoid discrepancies and tax implications. Case-Laws Income Tax Fri, 03 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197675