https://www.taxtmi.com/caselaws?id=461403 ITAT DELHI dismissed most grounds raised by assessee regarding unexplained investments. The tribunal upheld additions for unexplained jewellery weighing 221.44 gms where assessee failed to prove source of acquisition, and unexplained equity share investments of Rs.1,45,904. Addition of Rs.25 lakhs for foreign bank deposits was sustained pending further inquiry. However, additions for undisclosed income based on seized materials were deleted as assessments of related entities remain pending per HC stay order. Addition for unexplained foreign travel was also deleted after assessee provided adequate evidence of funding source. en-us Mon, 13 Jun 2022 00:00:00 +0530 Fri, 04 Apr 2025 19:16:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461403 ITAT DELHI dismissed most grounds raised by assessee regarding unexplained investments. The tribunal upheld additions for unexplained jewellery weighing 221.44 gms where assessee failed to prove source of acquisition, and unexplained equity share investments of Rs.1,45,904. Addition of Rs.25 lakhs for foreign bank deposits was sustained pending further inquiry. However, additions for undisclosed income based on seized materials were deleted as assessments of related entities remain pending per HC stay order. Addition for unexplained foreign travel was also deleted after assessee provided adequate evidence of funding source. Case-Laws Income Tax Mon, 13 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461403