https://www.taxtmi.com/caselaws?id=389934 The Tribunal upheld the deletion of the addition of Rs. 9,50,00,000/- on account of unexplained investments but remanded the issue of the 12.5% disallowance for further verification. The Tribunal directed the Assessing Officer to conduct additional verifications on the genuineness of the purchase transactions, dismissing the revenue's appeal and allowing the assessee's cross-objection for statistical purposes. en-us Wed, 27 Nov 2019 00:00:00 +0530 Thu, 19 Dec 2019 11:41:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389934 The Tribunal upheld the deletion of the addition of Rs. 9,50,00,000/- on account of unexplained investments but remanded the issue of the 12.5% disallowance for further verification. The Tribunal directed the Assessing Officer to conduct additional verifications on the genuineness of the purchase transactions, dismissing the revenue's appeal and allowing the assessee's cross-objection for statistical purposes. Case-Laws Income Tax Wed, 27 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389934