https://www.taxtmi.com/caselaws?id=283945 The High Court dismissed the appeal concerning the addition of unexplained investments under Section 68 of the Income Tax Act, 1961. The Assessing Officer's reliance on reports without conducting thorough investigations was deemed insufficient. Drawing parallels with a similar case, the Court emphasized the importance of proper enquiry by the Assessing Officer. The appeal was dismissed as no legal question arose, underscoring the necessity for detailed scrutiny and investigations before making tax additions under Section 68. en-us Mon, 12 Feb 2018 00:00:00 +0530 Tue, 22 Oct 2019 07:42:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283945 The High Court dismissed the appeal concerning the addition of unexplained investments under Section 68 of the Income Tax Act, 1961. The Assessing Officer's reliance on reports without conducting thorough investigations was deemed insufficient. Drawing parallels with a similar case, the Court emphasized the importance of proper enquiry by the Assessing Officer. The appeal was dismissed as no legal question arose, underscoring the necessity for detailed scrutiny and investigations before making tax additions under Section 68. Case-Laws Income Tax Mon, 12 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283945