https://www.taxtmi.com/caselaws?id=310809 Protective addition for unexplained investment under section 69 could not survive once the corresponding substantive addition in the group concern had been deleted on merits. The protective basis fell away because there was no finding that the assessee was the correct person in whose hands the addition should be made. With the substantive addition deleted and no contrary determination on the proper assessable entity, the protective addition was unsustainable. Other grounds, including those raised under Rule 27, became academic. en-us Tue, 18 Apr 2023 00:00:00 +0530 Fri, 17 Nov 2023 21:00:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310809 Protective addition for unexplained investment under section 69 could not survive once the corresponding substantive addition in the group concern had been deleted on merits. The protective basis fell away because there was no finding that the assessee was the correct person in whose hands the addition should be made. With the substantive addition deleted and no contrary determination on the proper assessable entity, the protective addition was unsustainable. Other grounds, including those raised under Rule 27, became academic. Case-Laws Income Tax Tue, 18 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310809