https://www.taxtmi.com/caselaws?id=17717 Section 69B permits an addition where surrounding material shows the assessee expended more on an investment than the amount recorded in the books and no satisfactory explanation is offered. Fair market value alone is not conclusive, but the Revenue may rely on comparable sales, valuation material, and other circumstances to draw a reasonable inference of undisclosed investment. On the facts noted, the recorded purchase price was substantially below local market rates, comparable instances were available, and the explanation was unacceptable, so the addition was sustained in favour of the Revenue. en-us Wed, 01 May 1996 00:00:00 +0530 Mon, 15 Dec 2025 20:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17717 Section 69B permits an addition where surrounding material shows the assessee expended more on an investment than the amount recorded in the books and no satisfactory explanation is offered. Fair market value alone is not conclusive, but the Revenue may rely on comparable sales, valuation material, and other circumstances to draw a reasonable inference of undisclosed investment. On the facts noted, the recorded purchase price was substantially below local market rates, comparable instances were available, and the explanation was unacceptable, so the addition was sustained in favour of the Revenue. Case-Laws Income Tax Wed, 01 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17717