https://www.taxtmi.com/caselaws?id=411725 The Tribunal allowed the appeal, directing the deletion of the addition made under section 69 of the Income Tax Act as unexplained investment. The Tribunal emphasized the lack of concrete evidence linking the alleged on-money payment to the assessee, highlighting the necessity for the Revenue to substantiate such claims. The decision underscored the importance of requiring solid proof in cases involving undisclosed investments, in accordance with established legal principles and precedents. en-us Tue, 24 Aug 2021 00:00:00 +0530 Wed, 01 Sep 2021 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411725 The Tribunal allowed the appeal, directing the deletion of the addition made under section 69 of the Income Tax Act as unexplained investment. The Tribunal emphasized the lack of concrete evidence linking the alleged on-money payment to the assessee, highlighting the necessity for the Revenue to substantiate such claims. The decision underscored the importance of requiring solid proof in cases involving undisclosed investments, in accordance with established legal principles and precedents. Case-Laws Income Tax Tue, 24 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411725