https://www.taxtmi.com/caselaws?id=783793 Addition under s. 69 for alleged unexplained investment was examined on whether the investment was unrecorded and remained unexplained. The Tribunal held s. 69 applies only where the assessee's investment in the relevant AY is not recorded in its books and no satisfactory explanation of nature and source is furnished. Here, the assessee demonstrated that the advance for property purchase was recorded in its books, payments were through banking channels, and the source and nature were explained with supporting material. The first appellate authority rejected the additional evidence without adequate reasons, and the AO did not furnish a remand report despite remand. The s. 69 addition was deleted and the assessee's grounds were allowed. en-us Fri, 14 Nov 2025 00:00:00 +0530 Tue, 23 Dec 2025 07:59:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783793 Addition under s. 69 for alleged unexplained investment was examined on whether the investment was unrecorded and remained unexplained. The Tribunal held s. 69 applies only where the assessee's investment in the relevant AY is not recorded in its books and no satisfactory explanation of nature and source is furnished. Here, the assessee demonstrated that the advance for property purchase was recorded in its books, payments were through banking channels, and the source and nature were explained with supporting material. The first appellate authority rejected the additional evidence without adequate reasons, and the AO did not furnish a remand report despite remand. The s. 69 addition was deleted and the assessee's grounds were allowed. Case-Laws Income Tax Fri, 14 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783793