https://www.taxtmi.com/caselaws?id=424940 The Tribunal allowed the revenue's appeal regarding the unexplained investment of Rs.4,85,85,795 and unsecured loans of Rs.61,00,000 for the A.Y. 2016-17. The assessee failed to substantiate their case, leading to the deletion of the addition by the CIT(A) being overturned. The Tribunal reinstated the additions due to the lack of proof provided by the assessee, indicating a lack of interest in pursuing the matter. The cross objections filed by the assessee were dismissed as a result of the revenue's appeal being allowed. en-us Fri, 08 Jul 2022 00:00:00 +0530 Tue, 12 Jul 2022 09:14:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424940 The Tribunal allowed the revenue's appeal regarding the unexplained investment of Rs.4,85,85,795 and unsecured loans of Rs.61,00,000 for the A.Y. 2016-17. The assessee failed to substantiate their case, leading to the deletion of the addition by the CIT(A) being overturned. The Tribunal reinstated the additions due to the lack of proof provided by the assessee, indicating a lack of interest in pursuing the matter. The cross objections filed by the assessee were dismissed as a result of the revenue's appeal being allowed. Case-Laws Income Tax Fri, 08 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424940