https://www.taxtmi.com/caselaws?id=357910 The Tribunal held that the addition of Rs. 12,04,938 on account of unexplained investment was arbitrary and illegal as it lacked corroborative evidence and proper examination. The Tribunal emphasized the importance of independent verification and concluded that the addition in the assessee's hands should be deleted, highlighting the necessity of supporting additions under the Income Tax Act with corroborative evidence. en-us Thu, 22 Mar 2018 00:00:00 +0530 Mon, 02 Apr 2018 08:19:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357910 The Tribunal held that the addition of Rs. 12,04,938 on account of unexplained investment was arbitrary and illegal as it lacked corroborative evidence and proper examination. The Tribunal emphasized the importance of independent verification and concluded that the addition in the assessee's hands should be deleted, highlighting the necessity of supporting additions under the Income Tax Act with corroborative evidence. Case-Laws Income Tax Thu, 22 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357910