https://www.taxtmi.com/caselaws?id=433369 The tribunal allowed both appeals of the assessee for assessment years 2004-05 and 2005-06. The appeals were allowed based on the lack of justification for the addition made on account of unexplained investments, as there were no corresponding assets materialized from the alleged cash payments. The tribunal set aside the CIT(A)'s order and allowed the grounds raised by the assessee, ultimately allowing the appeal. en-us Wed, 23 Nov 2022 00:00:00 +0530 Sat, 28 Jan 2023 08:26:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433369 The tribunal allowed both appeals of the assessee for assessment years 2004-05 and 2005-06. The appeals were allowed based on the lack of justification for the addition made on account of unexplained investments, as there were no corresponding assets materialized from the alleged cash payments. The tribunal set aside the CIT(A)'s order and allowed the grounds raised by the assessee, ultimately allowing the appeal. Case-Laws Income Tax Wed, 23 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433369