https://www.taxtmi.com/caselaws?id=358943 The Tribunal partially allowed the appeal, directing the AO to delete the balance amount out of the impugned addition, except for the US $21,000 (Rs. 9,16,020), which was upheld as unexplained investment under section 69A. The Tribunal emphasized the importance of evaluating the explanation in light of human probabilities and surrounding circumstances, rejecting the assessee's claim of receiving large amounts as gifts without credible evidence. en-us Tue, 27 Feb 2018 00:00:00 +0530 Sat, 21 Apr 2018 06:02:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358943 The Tribunal partially allowed the appeal, directing the AO to delete the balance amount out of the impugned addition, except for the US $21,000 (Rs. 9,16,020), which was upheld as unexplained investment under section 69A. The Tribunal emphasized the importance of evaluating the explanation in light of human probabilities and surrounding circumstances, rejecting the assessee's claim of receiving large amounts as gifts without credible evidence. Case-Laws Income Tax Tue, 27 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358943