https://www.taxtmi.com/caselaws?id=791017 An investment or receipt must be taxed in the correct assessment year, and where evidence shows the transaction belongs to an earlier year, no addition can be sustained in the year under appeal. The assessee supported the purchase of 5,000 shares with a contract-cum-bill, ledger account and IDS disclosure, establishing that the shares were acquired on 02.07.2010 in an earlier year. On that record, the Tribunal accepted that the investment did not relate to the year under consideration and deleted the addition as unaccounted investment. en-us Fri, 27 Mar 2026 00:00:00 +0530 Tue, 05 May 2026 09:09:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791017 An investment or receipt must be taxed in the correct assessment year, and where evidence shows the transaction belongs to an earlier year, no addition can be sustained in the year under appeal. The assessee supported the purchase of 5,000 shares with a contract-cum-bill, ledger account and IDS disclosure, establishing that the shares were acquired on 02.07.2010 in an earlier year. On that record, the Tribunal accepted that the investment did not relate to the year under consideration and deleted the addition as unaccounted investment. Case-Laws Income Tax Fri, 27 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791017