https://www.taxtmi.com/highlights?id=70140 Addition u/s 69 - unexplained investment - share transactions - Year of assessment - the transaction for legal transfer of shares actually took place in the subsequent assessment year but not in the year under consideration. - Thus addition cannot be sustained merely on assumption and presumption where the evidence clearly supports the contention of the assessee. - AT en-us Mon, 05 Jun 2023 08:31:06 +0530 Mon, 05 Jun 2023 08:31:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=70140 Addition u/s 69 - unexplained investment - share transactions - Year of assessment - the transaction for legal transfer of shares actually took place in the subsequent assessment year but not in the year under consideration. - Thus addition cannot be sustained merely on assumption and presumption where the evidence clearly supports the contention of the assessee. - AT Highlights Income Tax Mon, 05 Jun 2023 08:31:06 +0530 https://www.taxtmi.com/highlights?id=70140