https://www.taxtmi.com/caselaws?id=792818 Unexplained investment additions under section 69 could not be sustained where year-wise expenditure records and ledger accounts showed that the work-in-progress and stock had accumulated over earlier years, beginning in financial year 2008-09. The opening balance in the year under appeal indicated that the investment related to prior periods, and income could not be assessed in the current year merely because earlier disclosures were incomplete or differently formatted. Contemporaneous records were treated as sufficient evidence of prior-year expenditure, so the lower authorities erred in ignoring them. The addition was deleted and relief was granted to the assessee. en-us Thu, 23 Apr 2026 00:00:00 +0530 Thu, 04 Jun 2026 08:37:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792818 Unexplained investment additions under section 69 could not be sustained where year-wise expenditure records and ledger accounts showed that the work-in-progress and stock had accumulated over earlier years, beginning in financial year 2008-09. The opening balance in the year under appeal indicated that the investment related to prior periods, and income could not be assessed in the current year merely because earlier disclosures were incomplete or differently formatted. Contemporaneous records were treated as sufficient evidence of prior-year expenditure, so the lower authorities erred in ignoring them. The addition was deleted and relief was granted to the assessee. Case-Laws Income Tax Thu, 23 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792818