https://www.taxtmi.com/caselaws?id=447503 The Delhi HC upheld the Tribunal's decision dismissing the revenue's appeal against CIT(A)'s deletion of addition made under Section 69B for unexplained investment in time deposits. The CIT(A) exercised powers under Section 250(4) and conducted inquiry by issuing notice to Canara Bank under Section 133(6). The inquiry revealed the AO had committed a grave factual error regarding time deposit figures. Since CIT(A) established the source of Rs. 9.50 crores through proper evidence and the Tribunal affirmed these factual findings, no interference was warranted. The HC found no substantial question of law arising for consideration. en-us Wed, 06 Dec 2023 00:00:00 +0530 Wed, 18 Feb 2026 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447503 The Delhi HC upheld the Tribunal's decision dismissing the revenue's appeal against CIT(A)'s deletion of addition made under Section 69B for unexplained investment in time deposits. The CIT(A) exercised powers under Section 250(4) and conducted inquiry by issuing notice to Canara Bank under Section 133(6). The inquiry revealed the AO had committed a grave factual error regarding time deposit figures. Since CIT(A) established the source of Rs. 9.50 crores through proper evidence and the Tribunal affirmed these factual findings, no interference was warranted. The HC found no substantial question of law arising for consideration. Case-Laws Income Tax Wed, 06 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447503