https://www.taxtmi.com/caselaws?id=426008 The Tribunal partly allowed the appeal, setting aside the addition of Rs. 80 Lakhs made under section 69 of the Act for treating investments in Mutual Funds as unexplained. The challenge to the validity of the assessment framed under section 147 was dismissed. The appellant successfully explained the sources of funds for the investments through documentary evidence, leading to the deletion of the Rs. 80 Lakh addition. en-us Wed, 03 Aug 2022 00:00:00 +0530 Fri, 05 Aug 2022 08:56:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426008 The Tribunal partly allowed the appeal, setting aside the addition of Rs. 80 Lakhs made under section 69 of the Act for treating investments in Mutual Funds as unexplained. The challenge to the validity of the assessment framed under section 147 was dismissed. The appellant successfully explained the sources of funds for the investments through documentary evidence, leading to the deletion of the Rs. 80 Lakh addition. Case-Laws Income Tax Wed, 03 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426008