https://www.taxtmi.com/caselaws?id=776555 Section 69 could not be invoked where the record showed no actual investment in the alleged property transaction. Although a sale deed was executed and cheques were issued, the land was treated as Government land, the seller had no valid title, the cheques were not encashed, no consideration actually passed, and possession was not delivered. The Tribunal held that accounting entries alone do not establish an unexplained investment and that a valid transfer requires a real transfer in law. On these facts, the alleged outlay was neither actually made nor legally effective, so the addition was deleted. en-us Mon, 06 Jan 2025 00:00:00 +0530 Wed, 13 Aug 2025 07:27:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776555 Section 69 could not be invoked where the record showed no actual investment in the alleged property transaction. Although a sale deed was executed and cheques were issued, the land was treated as Government land, the seller had no valid title, the cheques were not encashed, no consideration actually passed, and possession was not delivered. The Tribunal held that accounting entries alone do not establish an unexplained investment and that a valid transfer requires a real transfer in law. On these facts, the alleged outlay was neither actually made nor legally effective, so the addition was deleted. Case-Laws Income Tax Mon, 06 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776555