https://www.taxtmi.com/caselaws?id=281745 The Tribunal overturned the additions made by the AO and CIT(A) regarding unexplained investments by the Assessee, ruling that the investments were not to be attributed to the Assessee individually but rather to M/s SVK Projects. The Tribunal deleted the additions totaling Rs. 2.42 crores and Rs. 58,00,000, allowing the Assessee's appeal. The Tribunal suggested that any further inquiries into the sources of funds should focus on M/s SVK Projects. The decision was rendered on 29th November 2013. en-us Fri, 29 Nov 2013 00:00:00 +0530 Thu, 04 Jul 2019 16:37:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281745 The Tribunal overturned the additions made by the AO and CIT(A) regarding unexplained investments by the Assessee, ruling that the investments were not to be attributed to the Assessee individually but rather to M/s SVK Projects. The Tribunal deleted the additions totaling Rs. 2.42 crores and Rs. 58,00,000, allowing the Assessee's appeal. The Tribunal suggested that any further inquiries into the sources of funds should focus on M/s SVK Projects. The decision was rendered on 29th November 2013. Case-Laws Income Tax Fri, 29 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281745