https://www.taxtmi.com/caselaws?id=794532 Addition under section 69 for alleged unexplained investment in NSEL transactions was deleted because the assessee substantiated the source of funds with the credit facility agreement, ledger accounts, bank statements and lender confirmation. The evidence showed that the NBFC financed most of the transaction value directly to the broker and only margin money came from the assessee's own account, so no transaction amount was routed through the assessee's personal account. As the assessee discharged the primary burden and the Revenue produced no independent material to rebut the explanation, mere doubt or suspicion could not sustain the addition. en-us Tue, 30 Jun 2026 00:00:00 +0530 Tue, 07 Jul 2026 08:39:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794532 Addition under section 69 for alleged unexplained investment in NSEL transactions was deleted because the assessee substantiated the source of funds with the credit facility agreement, ledger accounts, bank statements and lender confirmation. The evidence showed that the NBFC financed most of the transaction value directly to the broker and only margin money came from the assessee's own account, so no transaction amount was routed through the assessee's personal account. As the assessee discharged the primary burden and the Revenue produced no independent material to rebut the explanation, mere doubt or suspicion could not sustain the addition. Case-Laws Income Tax Tue, 30 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794532