https://www.taxtmi.com/caselaws?id=286360 The tribunal dismissed the Revenue's appeal and the Assessee's cross objection regarding the addition of unexplained investment on construction/renovation of the house property under section 69C of the Income Tax Act. The tribunal upheld the Commissioner's decision to delete the addition based on discrepancies in evidence, lack of conclusive proof of construction in the relevant year, and reliance on doubtful statements. The importance of providing conclusive evidence and proper verification in such cases was emphasized in the tribunal's decision. en-us Fri, 07 Sep 2012 00:00:00 +0530 Sat, 22 Feb 2020 13:09:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286360 The tribunal dismissed the Revenue's appeal and the Assessee's cross objection regarding the addition of unexplained investment on construction/renovation of the house property under section 69C of the Income Tax Act. The tribunal upheld the Commissioner's decision to delete the addition based on discrepancies in evidence, lack of conclusive proof of construction in the relevant year, and reliance on doubtful statements. The importance of providing conclusive evidence and proper verification in such cases was emphasized in the tribunal's decision. Case-Laws Income Tax Fri, 07 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286360