https://www.taxtmi.com/caselaws?id=420655 The Tribunal dismissed the appeal by the Revenue and the Cross Objection by the assessee, upholding the CIT(A)'s decision that the addition of Rs. 10.10 crores as unexplained investment was not legally sustainable. The Tribunal highlighted the absence of corroborative evidence and the impracticality of the addition based on a loose sheet. The order was issued on 16th March 2022 in Ahmedabad. en-us Wed, 16 Mar 2022 00:00:00 +0530 Thu, 07 Apr 2022 10:00:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420655 The Tribunal dismissed the appeal by the Revenue and the Cross Objection by the assessee, upholding the CIT(A)'s decision that the addition of Rs. 10.10 crores as unexplained investment was not legally sustainable. The Tribunal highlighted the absence of corroborative evidence and the impracticality of the addition based on a loose sheet. The order was issued on 16th March 2022 in Ahmedabad. Case-Laws Income Tax Wed, 16 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420655