https://www.taxtmi.com/caselaws?id=418808 The Tribunal allowed the appeals for the assessment years 2010-11 and 2011-12, vacating the additions made by the AO. The Tribunal emphasized the lack of direct evidence linking the assessee to the unexplained investments and the rebuttable nature of the presumption under the Act. en-us Mon, 21 Feb 2022 00:00:00 +0530 Thu, 24 Feb 2022 11:28:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418808 The Tribunal allowed the appeals for the assessment years 2010-11 and 2011-12, vacating the additions made by the AO. The Tribunal emphasized the lack of direct evidence linking the assessee to the unexplained investments and the rebuttable nature of the presumption under the Act. Case-Laws Income Tax Mon, 21 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418808