https://www.taxtmi.com/caselaws?id=780807 ITAT RAJKOT held that the AO's addition of Rs.1,25,000 treated as unexplained investment under s.69 required correction. The tribunal allowed the appeal partly, directing the AO to tax only the embedded profit of 30%-Rs.37,500-in the hands of the assessee. Since the on-money was paid from the assessee's own sources, it should not be taxed under s.69 read with s.115BBE; instead the AO must assess it in the assessee's hands at normal income tax rates. en-us Mon, 03 Nov 2025 00:00:00 +0530 Thu, 06 Nov 2025 08:47:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780807 ITAT RAJKOT held that the AO's addition of Rs.1,25,000 treated as unexplained investment under s.69 required correction. The tribunal allowed the appeal partly, directing the AO to tax only the embedded profit of 30%-Rs.37,500-in the hands of the assessee. Since the on-money was paid from the assessee's own sources, it should not be taxed under s.69 read with s.115BBE; instead the AO must assess it in the assessee's hands at normal income tax rates. Case-Laws Income Tax Mon, 03 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780807