https://www.taxtmi.com/caselaws?id=21744 The High Court declined to answer whether further addition to unexplained investment was justified and if it should have been included in the intangible addition to income during the year. The court emphasized the importance of establishing the existence of a pre-existing fund of concealed income to attribute unexplained expenditure or investment correctly. The case highlighted the necessity for thorough consideration of relevant circumstances by the taxing authority in such matters. en-us Wed, 12 Feb 1992 00:00:00 +0530 Fri, 27 Nov 2009 13:52:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21744 The High Court declined to answer whether further addition to unexplained investment was justified and if it should have been included in the intangible addition to income during the year. The court emphasized the importance of establishing the existence of a pre-existing fund of concealed income to attribute unexplained expenditure or investment correctly. The case highlighted the necessity for thorough consideration of relevant circumstances by the taxing authority in such matters. Case-Laws Income Tax Wed, 12 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21744