https://www.taxtmi.com/caselaws?id=394626 The Tribunal allowed the assessee's appeal, ruling that the addition of undisclosed investments under section 69 of the Income Tax Act was not justified. The Tribunal emphasized the lack of credible evidence, noting that the seized documents, retracted statements, and denials by alleged recipients did not support the addition. Contradictory statements and unsigned receipts undermined the authenticity of the transactions, leading to the deletion of the addition made by the Assessing Officer. en-us Fri, 07 Feb 2020 00:00:00 +0530 Sat, 18 Apr 2020 15:16:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394626 The Tribunal allowed the assessee's appeal, ruling that the addition of undisclosed investments under section 69 of the Income Tax Act was not justified. The Tribunal emphasized the lack of credible evidence, noting that the seized documents, retracted statements, and denials by alleged recipients did not support the addition. Contradictory statements and unsigned receipts undermined the authenticity of the transactions, leading to the deletion of the addition made by the Assessing Officer. Case-Laws Income Tax Fri, 07 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394626