https://www.taxtmi.com/caselaws?id=775168 Investments in bonds were treated as explained where the assessee substantiated the source of funds through a loan from ECL Finance Limited and supporting subscription, refund and receipt records. The Tribunal held that the evidentiary basis for treating the investment as unexplained investment did not survive, and the consequential tax and interest demand could not be sustained. The addition was deleted because the source of investment stood explained on the material produced, and the related interest was below the taxable limit. en-us Fri, 18 Jul 2025 00:00:00 +0530 Mon, 21 Jul 2025 08:43:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775168 Investments in bonds were treated as explained where the assessee substantiated the source of funds through a loan from ECL Finance Limited and supporting subscription, refund and receipt records. The Tribunal held that the evidentiary basis for treating the investment as unexplained investment did not survive, and the consequential tax and interest demand could not be sustained. The addition was deleted because the source of investment stood explained on the material produced, and the related interest was below the taxable limit. Case-Laws Income Tax Fri, 18 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775168