https://www.taxtmi.com/caselaws?id=360707 The High Court dismissed the appeal challenging the addition under section 69 of the Income Tax Act for alleged unexplained investment in property. The court upheld the decision based on valuation discrepancies and lack of evidence supporting the reduction in sale price, emphasizing the factual nature of the disputes and the inadequacy of explanations provided by the assessee. The court found no legal question arising from the case and held that the Tribunal's order was not perverse, leading to the dismissal of the Tax Appeal. en-us Wed, 18 Apr 2018 00:00:00 +0530 Mon, 21 May 2018 13:45:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360707 The High Court dismissed the appeal challenging the addition under section 69 of the Income Tax Act for alleged unexplained investment in property. The court upheld the decision based on valuation discrepancies and lack of evidence supporting the reduction in sale price, emphasizing the factual nature of the disputes and the inadequacy of explanations provided by the assessee. The court found no legal question arising from the case and held that the Tribunal's order was not perverse, leading to the dismissal of the Tax Appeal. Case-Laws Income Tax Wed, 18 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360707