https://www.taxtmi.com/caselaws?id=381463 An addition for unexplained investment under section 69 of the Income-tax Act, 1961 is not sustainable where the assessee supports the source and timing of the investment with registered documents, agreements, affidavits and subsequent payment details. The stated principle is that the actual transaction pattern and surrounding facts prevail over mere documentary form, and section 69 applies only when the explanation for the nature and source of investment remains unsatisfactory. Where the explanation is credible, unshaken by contrary material, and the Revenue does not rebut the subsequent payment claim, the addition should be deleted. en-us Mon, 27 May 2019 00:00:00 +0530 Wed, 12 Jun 2019 06:49:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381463 An addition for unexplained investment under section 69 of the Income-tax Act, 1961 is not sustainable where the assessee supports the source and timing of the investment with registered documents, agreements, affidavits and subsequent payment details. The stated principle is that the actual transaction pattern and surrounding facts prevail over mere documentary form, and section 69 applies only when the explanation for the nature and source of investment remains unsatisfactory. Where the explanation is credible, unshaken by contrary material, and the Revenue does not rebut the subsequent payment claim, the addition should be deleted. Case-Laws Income Tax Mon, 27 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381463