https://www.taxtmi.com/caselaws?id=402767 The Tribunal allowed the appeal for AY 2009-10, deleting the addition made under Section 69 of the IT Act for unexplained investment in land. For AY 2010-11, the appeal was partly allowed, with the issue of the rental deposit remitted back to the AO for further examination regarding its genuineness. The judgment highlighted the significance of finalized cash flow statements and the necessity for comprehensive verification of sources before imposing additions under Section 69. en-us Wed, 06 Jan 2021 00:00:00 +0530 Tue, 12 Jan 2021 13:32:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402767 The Tribunal allowed the appeal for AY 2009-10, deleting the addition made under Section 69 of the IT Act for unexplained investment in land. For AY 2010-11, the appeal was partly allowed, with the issue of the rental deposit remitted back to the AO for further examination regarding its genuineness. The judgment highlighted the significance of finalized cash flow statements and the necessity for comprehensive verification of sources before imposing additions under Section 69. Case-Laws Income Tax Wed, 06 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402767