https://www.taxtmi.com/caselaws?id=13583 The Court dismissed the appeal, upholding the Tribunal's decision to add the unexplained investment in property construction to the assessee's income for the relevant assessment year. The Court found no evidence supporting the claim of advance payments from prospective buyers and emphasized the lack of proof provided by the assessee. It concluded that the assessee's conduct and failure to substantiate the source of the investment led to the rejection of the appeal. The Court also refused to condone the delay in the appeal, as no valid reason was presented, and no substantial question of law arose in the case. en-us Tue, 11 Jul 2006 00:00:00 +0530 Fri, 29 May 2009 18:30:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13583 The Court dismissed the appeal, upholding the Tribunal's decision to add the unexplained investment in property construction to the assessee's income for the relevant assessment year. The Court found no evidence supporting the claim of advance payments from prospective buyers and emphasized the lack of proof provided by the assessee. It concluded that the assessee's conduct and failure to substantiate the source of the investment led to the rejection of the appeal. The Court also refused to condone the delay in the appeal, as no valid reason was presented, and no substantial question of law arose in the case. Case-Laws Income Tax Tue, 11 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13583