https://www.taxtmi.com/caselaws?id=393359 The appeal was filed challenging the addition of Rs. 2,48,048 as unexplained investment for construction of a factory building. The court deliberated on the allocation of the unexplained income to relevant years of construction. The appellant provided material supporting their claim, leading the court to set aside the addition and remand the matter for reassessment of tax liability. The decision highlighted the need to consider all relevant material in determining tax liabilities for unexplained investments in construction projects, ultimately allowing the appeal and disposing of pending applications. en-us Tue, 03 Mar 2020 00:00:00 +0530 Fri, 13 Mar 2020 13:25:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393359 The appeal was filed challenging the addition of Rs. 2,48,048 as unexplained investment for construction of a factory building. The court deliberated on the allocation of the unexplained income to relevant years of construction. The appellant provided material supporting their claim, leading the court to set aside the addition and remand the matter for reassessment of tax liability. The decision highlighted the need to consider all relevant material in determining tax liabilities for unexplained investments in construction projects, ultimately allowing the appeal and disposing of pending applications. Case-Laws Income Tax Tue, 03 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393359