https://www.taxtmi.com/caselaws?id=416369 The Tribunal dismissed the appeal filed by the assessee, upholding the additions made under Section 56(2)(vii)(b) and the unexplained investment addition. The decision was based on the applicability of the amended provisions of the Income Tax Act, 1961, and the failure of the assessee to provide adequate explanations regarding the cash payments made for property purchases. en-us Thu, 16 Dec 2021 00:00:00 +0530 Mon, 27 Dec 2021 06:37:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416369 The Tribunal dismissed the appeal filed by the assessee, upholding the additions made under Section 56(2)(vii)(b) and the unexplained investment addition. The decision was based on the applicability of the amended provisions of the Income Tax Act, 1961, and the failure of the assessee to provide adequate explanations regarding the cash payments made for property purchases. Case-Laws Income Tax Thu, 16 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416369