https://www.taxtmi.com/caselaws?id=792749 An addition for unexplained investment under section 69 was restricted where the assessee credibly explained the source of funds through salary income, accumulated savings, a loan from the father, a gold loan, bank withdrawals, and LIC maturity proceeds. The Tribunal accepted that the actual investment during the year was lower than the amount adopted by the revenue authorities and that part of the amount represented accrued interest on an earlier investment. It held that the source of funds to the extent of Rs. 4,50,000 stood explained and sustained only the remaining unverified balance of Rs. 45,000, granting substantial relief. en-us Tue, 12 May 2026 00:00:00 +0530 Wed, 03 Jun 2026 08:50:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792749 An addition for unexplained investment under section 69 was restricted where the assessee credibly explained the source of funds through salary income, accumulated savings, a loan from the father, a gold loan, bank withdrawals, and LIC maturity proceeds. The Tribunal accepted that the actual investment during the year was lower than the amount adopted by the revenue authorities and that part of the amount represented accrued interest on an earlier investment. It held that the source of funds to the extent of Rs. 4,50,000 stood explained and sustained only the remaining unverified balance of Rs. 45,000, granting substantial relief. Case-Laws Income Tax Tue, 12 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792749