https://www.taxtmi.com/caselaws?id=789405 An addition for alleged unexplained investment in immovable property under section 69A was not sustained on the existing record because the assessee had explained the source through accumulated funds, advances from candidates in a manpower supply business, and a loan component, supported by documents. The authorities had not undertaken adequate verification, including enquiry with the property seller or scrutiny of candidate-related particulars despite available details. As the finding of unexplained investment was reached without proper appreciation of the material, the issue required further factual verification. The matter was therefore restored to the Assessing Officer for fresh consideration after proper enquiry and a reasonable opportunity to the assessee. en-us Wed, 25 Mar 2026 00:00:00 +0530 Wed, 08 Apr 2026 08:56:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789405 An addition for alleged unexplained investment in immovable property under section 69A was not sustained on the existing record because the assessee had explained the source through accumulated funds, advances from candidates in a manpower supply business, and a loan component, supported by documents. The authorities had not undertaken adequate verification, including enquiry with the property seller or scrutiny of candidate-related particulars despite available details. As the finding of unexplained investment was reached without proper appreciation of the material, the issue required further factual verification. The matter was therefore restored to the Assessing Officer for fresh consideration after proper enquiry and a reasonable opportunity to the assessee. Case-Laws Income Tax Wed, 25 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789405