https://www.taxtmi.com/caselaws?id=793098 Unexplained investment under section 69 cannot be added for the relevant year where registered purchase documents and bank records credibly show that property consideration was paid in an earlier financial year. Once the assessee discharges the initial burden with documentary evidence, the burden shifts to the Revenue to establish, through cogent material, that the investment was made during the relevant previous year. Unverified information or suspicion does not rebut that evidence. The addition taxable under section 115BBE was therefore deleted on merits, while the challenge to reassessment proceedings remained unadjudicated. en-us Wed, 13 May 2026 00:00:00 +0530 Tue, 09 Jun 2026 07:50:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793098 Unexplained investment under section 69 cannot be added for the relevant year where registered purchase documents and bank records credibly show that property consideration was paid in an earlier financial year. Once the assessee discharges the initial burden with documentary evidence, the burden shifts to the Revenue to establish, through cogent material, that the investment was made during the relevant previous year. Unverified information or suspicion does not rebut that evidence. The addition taxable under section 115BBE was therefore deleted on merits, while the challenge to reassessment proceedings remained unadjudicated. Case-Laws Income Tax Wed, 13 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793098