https://www.taxtmi.com/caselaws?id=451041 ITAT, Delhi (AT) held that addition under s.69 for alleged unexplained investment via hawala was unsustainable. The tribunal accepted the assessee company's contention that the cloned hard disk version relied on by the revenue was never furnished, placing the burden on revenue to prove illegal remittances with cogent evidence. CBDT's FT TR review and Cyprus correspondence confirmed that funds were raised and invested legitimately via share issuance and FDI. In absence of proof beyond suspicion, the addition was deleted and decision favored the assessee. en-us Mon, 11 Mar 2024 00:00:00 +0530 Mon, 18 Aug 2025 17:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=451041 ITAT, Delhi (AT) held that addition under s.69 for alleged unexplained investment via hawala was unsustainable. The tribunal accepted the assessee company's contention that the cloned hard disk version relied on by the revenue was never furnished, placing the burden on revenue to prove illegal remittances with cogent evidence. CBDT's FT TR review and Cyprus correspondence confirmed that funds were raised and invested legitimately via share issuance and FDI. In absence of proof beyond suspicion, the addition was deleted and decision favored the assessee. Case-Laws Income Tax Mon, 11 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=451041