https://www.taxtmi.com/caselaws?id=419858 Section 69 could not be invoked where the investment was recorded in the books of account and reflected in the computation of income, so the addition as unexplained investment was unsustainable. Cash sales during the demonetisation period and receipt of specified bank notes were also not treated as unexplained money under section 69A because the assessee had sufficient cash balance and the prohibition under the demonetisation statute operated from the appointed day, not before it. The Commissioner (Appeals) was not required to remand the matter under Rule 46A, as the documents produced were only supporting material for the return already filed. The additions were not sustained. en-us Wed, 16 Mar 2022 00:00:00 +0530 Tue, 22 Mar 2022 09:00:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419858 Section 69 could not be invoked where the investment was recorded in the books of account and reflected in the computation of income, so the addition as unexplained investment was unsustainable. Cash sales during the demonetisation period and receipt of specified bank notes were also not treated as unexplained money under section 69A because the assessee had sufficient cash balance and the prohibition under the demonetisation statute operated from the appointed day, not before it. The Commissioner (Appeals) was not required to remand the matter under Rule 46A, as the documents produced were only supporting material for the return already filed. The additions were not sustained. Case-Laws Income Tax Wed, 16 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419858