https://www.taxtmi.com/caselaws?id=788738 An addition as unexplained investment could not be sustained in the relevant assessment year where the shares in question had been acquired in an earlier year, no sale had taken place during the year, and no long-term capital gain had been declared for that year. Reassessment based only on an investigation report, without independent verification by the Assessing Officer, was insufficient to support the section 69A addition. The addition was therefore held unsustainable and deleted. en-us Wed, 25 Mar 2026 00:00:00 +0530 Fri, 27 Mar 2026 08:52:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788738 An addition as unexplained investment could not be sustained in the relevant assessment year where the shares in question had been acquired in an earlier year, no sale had taken place during the year, and no long-term capital gain had been declared for that year. Reassessment based only on an investigation report, without independent verification by the Assessing Officer, was insufficient to support the section 69A addition. The addition was therefore held unsustainable and deleted. Case-Laws Income Tax Wed, 25 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788738