https://www.taxtmi.com/caselaws?id=789124 Addition under section 69 for alleged unexplained bitcoin investment was not sustained on the existing record because the assessee had shown the original investment through banking channels and stated that the settlement receipt reflected a loss rather than undisclosed gain. The authorities treated the balance as unexplained, but the appellate record indicated disclosure of both the investment and the compensatory receipt. The matter was remitted to the Assessing Officer for fresh verification of the loss claim and transaction details, with the addition not finally upheld. en-us Wed, 01 Apr 2026 00:00:00 +0530 Fri, 03 Apr 2026 08:49:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789124 Addition under section 69 for alleged unexplained bitcoin investment was not sustained on the existing record because the assessee had shown the original investment through banking channels and stated that the settlement receipt reflected a loss rather than undisclosed gain. The authorities treated the balance as unexplained, but the appellate record indicated disclosure of both the investment and the compensatory receipt. The matter was remitted to the Assessing Officer for fresh verification of the loss claim and transaction details, with the addition not finally upheld. Case-Laws Income Tax Wed, 01 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789124