https://www.taxtmi.com/highlights?id=67625 Unexplained investment - The basis of addition made in the present case is the source of investment remaining unexplained. Now, the assessee having explained the source of investment - DR cannot make out a new case for confirming the addition by stating that though the source of investment stands explained by loan taken by the assessee from his ex-employer, but since this loan was not repaid by the assessee, therefore, it partakes the nature of income by way of salary. This definitely was not the case of the AO- AT en-us Wed, 11 Jan 2023 08:43:01 +0530 Wed, 11 Jan 2023 08:43:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=67625 Unexplained investment - The basis of addition made in the present case is the source of investment remaining unexplained. Now, the assessee having explained the source of investment - DR cannot make out a new case for confirming the addition by stating that though the source of investment stands explained by loan taken by the assessee from his ex-employer, but since this loan was not repaid by the assessee, therefore, it partakes the nature of income by way of salary. This definitely was not the case of the AO- AT Highlights Income Tax Wed, 11 Jan 2023 08:43:01 +0530 https://www.taxtmi.com/highlights?id=67625