https://www.taxtmi.com/caselaws?id=15239 Additions for unexplained investment were not sustained where the Tribunal found the assessee's undisclosed income had already been assessed on a settlement basis, the investments were attributable to assessed firm profits, agricultural income and savings, and no further unexplained source was established. The deletion of the addition relating to investment in the wife's name was also upheld because the sum had been assessed in her hands and there was no material linking it to the assessee. On these factual findings, the Revenue's reference failed and both deletions were sustained. en-us Mon, 02 Nov 1998 00:00:00 +0530 Mon, 03 Aug 2009 18:30:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15239 Additions for unexplained investment were not sustained where the Tribunal found the assessee's undisclosed income had already been assessed on a settlement basis, the investments were attributable to assessed firm profits, agricultural income and savings, and no further unexplained source was established. The deletion of the addition relating to investment in the wife's name was also upheld because the sum had been assessed in her hands and there was no material linking it to the assessee. On these factual findings, the Revenue's reference failed and both deletions were sustained. Case-Laws Income Tax Mon, 02 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15239