https://www.taxtmi.com/caselaws?id=306931 The High Court dismissed the petition seeking reference under s. 256(2) of the IT Act, 1961 regarding the addition of unexplained investment on the purchase of drafts. The Tribunal's decision to sustain the addition of Rs. 1,95,000 as unexplained investment was upheld, as it was based on evidence and material on record. The Tribunal found no question of law requiring adjudication by the High Court, and the petition was ultimately dismissed. en-us Mon, 03 Mar 1997 00:00:00 +0530 Mon, 06 Mar 2023 15:32:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306931 The High Court dismissed the petition seeking reference under s. 256(2) of the IT Act, 1961 regarding the addition of unexplained investment on the purchase of drafts. The Tribunal's decision to sustain the addition of Rs. 1,95,000 as unexplained investment was upheld, as it was based on evidence and material on record. The Tribunal found no question of law requiring adjudication by the High Court, and the petition was ultimately dismissed. Case-Laws Income Tax Mon, 03 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306931