https://www.taxtmi.com/caselaws?id=408357 The Tribunal upheld the addition of Rs. 12.50 lakhs as unexplained investment under Section 69 of the Income Tax Act, with a minor adjustment for household expenses. The appeal was partly allowed, granting relief of Rs. 3 lakhs against the CIT (A)'s estimate of household expenses. The Tribunal emphasized the importance of providing sufficient evidence to justify sources of investment and the correct application of Section 69 in cases where such evidence is lacking. en-us Mon, 31 May 2021 00:00:00 +0530 Tue, 08 Jun 2021 09:10:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408357 The Tribunal upheld the addition of Rs. 12.50 lakhs as unexplained investment under Section 69 of the Income Tax Act, with a minor adjustment for household expenses. The appeal was partly allowed, granting relief of Rs. 3 lakhs against the CIT (A)'s estimate of household expenses. The Tribunal emphasized the importance of providing sufficient evidence to justify sources of investment and the correct application of Section 69 in cases where such evidence is lacking. Case-Laws Income Tax Mon, 31 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408357