https://www.taxtmi.com/caselaws?id=770690 The HC allowed the assessee's appeal, deleting additions under sections 69A and 69 of the Income Tax Act. The court found the assessee's explanations for unexplained investments credible, particularly noting unchallenged third-party affidavits and the reasonable business context. The court applied the principle of preponderance of probabilities, giving benefit of doubt to the assessee where evidence was not refuted by the Revenue. en-us Fri, 02 May 2025 00:00:00 +0530 Wed, 14 May 2025 11:50:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770690 The HC allowed the assessee's appeal, deleting additions under sections 69A and 69 of the Income Tax Act. The court found the assessee's explanations for unexplained investments credible, particularly noting unchallenged third-party affidavits and the reasonable business context. The court applied the principle of preponderance of probabilities, giving benefit of doubt to the assessee where evidence was not refuted by the Revenue. Case-Laws Income Tax Fri, 02 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770690