https://www.taxtmi.com/caselaws?id=380425 The Tribunal allowed the assessee's appeal, emphasizing the importance of proper valuation methods, rejection of books of account, and adherence to legal provisions when assessing unexplained investments under Section 69 of the Income Tax Act, 1961. The Tribunal found that without rejecting the books of account, it was improper to add unexplained investment under Section 69, and the lack of clarity on the valuation method for work-in-progress led to the deletion of the addition. en-us Wed, 15 May 2019 00:00:00 +0530 Mon, 20 May 2019 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380425 The Tribunal allowed the assessee's appeal, emphasizing the importance of proper valuation methods, rejection of books of account, and adherence to legal provisions when assessing unexplained investments under Section 69 of the Income Tax Act, 1961. The Tribunal found that without rejecting the books of account, it was improper to add unexplained investment under Section 69, and the lack of clarity on the valuation method for work-in-progress led to the deletion of the addition. Case-Laws Income Tax Wed, 15 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380425