https://www.taxtmi.com/caselaws?id=469979 Additions for alleged unaccounted investment under section 69A were unsustainable where seized entries stood in the assessee's name but the surrounding documents and related assessments showed the actual investments were made by three companies. The evidence did not establish that the assessee himself had made the investment, and the same cash investment had already been taxed in the companies' hands. On those facts, the proposed addition would have duplicated the same amount in the assessee's assessment, so deletion of the addition was upheld and the Revenue's challenge failed. en-us Wed, 12 Mar 2025 00:00:00 +0530 Fri, 10 Jul 2026 22:36:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469979 Additions for alleged unaccounted investment under section 69A were unsustainable where seized entries stood in the assessee's name but the surrounding documents and related assessments showed the actual investments were made by three companies. The evidence did not establish that the assessee himself had made the investment, and the same cash investment had already been taxed in the companies' hands. On those facts, the proposed addition would have duplicated the same amount in the assessee's assessment, so deletion of the addition was upheld and the Revenue's challenge failed. Case-Laws Income Tax Wed, 12 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469979