https://www.taxtmi.com/caselaws?id=768027 Unexplained investment addition under section 69 was deleted because the assessee supported the shop purchase with banking records, books of account and ledger entries showing earlier payments and a corresponding reduction in the partner's capital account; the adverse inference was treated as based on suspicion rather than a rejection of documentary evidence. The further disallowance of Chapter VI-A deductions claimed in the return filed in response to notice under section 148 was also deleted, since a lower original claim did not by itself defeat otherwise admissible deductions under sections 80C, 80G and 80TTA, subject to verification of supporting material by the Assessing Officer. en-us Wed, 19 Feb 2025 00:00:00 +0530 Sat, 29 Mar 2025 08:15:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768027 Unexplained investment addition under section 69 was deleted because the assessee supported the shop purchase with banking records, books of account and ledger entries showing earlier payments and a corresponding reduction in the partner's capital account; the adverse inference was treated as based on suspicion rather than a rejection of documentary evidence. The further disallowance of Chapter VI-A deductions claimed in the return filed in response to notice under section 148 was also deleted, since a lower original claim did not by itself defeat otherwise admissible deductions under sections 80C, 80G and 80TTA, subject to verification of supporting material by the Assessing Officer. Case-Laws Income Tax Wed, 19 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768027