https://www.taxtmi.com/caselaws?id=758624 ITAT Visakhapatnam allowed partial relief to assessee in unexplained investment case u/s 69. Tribunal granted Rs. 5 lakhs relief for agricultural income and Rs. 2 lakhs for loan from brother, based on documentary evidence including VRO certificates, Pattadar Passbooks, and family members' income returns. However, ITAT upheld AO's estimation of 5% profit on liquor business stock sales due to assessee's failure to produce sales bills or books of account, following precedent in similar liquor business cases. en-us Tue, 10 Sep 2024 00:00:00 +0530 Mon, 25 May 2026 11:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758624 ITAT Visakhapatnam allowed partial relief to assessee in unexplained investment case u/s 69. Tribunal granted Rs. 5 lakhs relief for agricultural income and Rs. 2 lakhs for loan from brother, based on documentary evidence including VRO certificates, Pattadar Passbooks, and family members' income returns. However, ITAT upheld AO's estimation of 5% profit on liquor business stock sales due to assessee's failure to produce sales bills or books of account, following precedent in similar liquor business cases. Case-Laws Income Tax Tue, 10 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758624