https://www.taxtmi.com/caselaws?id=357023 Where documentary evidence, including bank entries and affidavits, explained the source of funds for purchase of agricultural land, an addition for unexplained investment could not be sustained. The assessee showed that the investment was met through withdrawals and transfers from her son's bank account, and the record reflected that the Assessing Officer had already accepted the cheque transfer component while noting the cash withdrawals. On those facts, the source of the total investment stood explained, so the balance addition was rightly deleted. en-us Wed, 31 Jan 2018 00:00:00 +0530 Fri, 16 Mar 2018 08:36:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357023 Where documentary evidence, including bank entries and affidavits, explained the source of funds for purchase of agricultural land, an addition for unexplained investment could not be sustained. The assessee showed that the investment was met through withdrawals and transfers from her son's bank account, and the record reflected that the Assessing Officer had already accepted the cheque transfer component while noting the cash withdrawals. On those facts, the source of the total investment stood explained, so the balance addition was rightly deleted. Case-Laws Income Tax Wed, 31 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357023