https://www.taxtmi.com/caselaws?id=470062 Appeals below the prescribed tax-effect threshold may proceed where the assessment falls within the specified exception for organised tax evasion involving penny-stock transactions, bogus gains or losses, or accommodation entries. The notes state that alleged National Spot Exchange and penny-stock transactions brought the Revenue's appeal within that exception, making it admissible on merits. Separately, an addition under Section 69 for unexplained investment is unsustainable where the taxpayer's investment is satisfactorily explained, the source is identified, and the alleged tax-evasion activity is not established factually. The deletion of the unexplained-investment addition was therefore sustained. en-us Thu, 13 Mar 2025 00:00:00 +0530 Tue, 14 Jul 2026 19:02:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470062 Appeals below the prescribed tax-effect threshold may proceed where the assessment falls within the specified exception for organised tax evasion involving penny-stock transactions, bogus gains or losses, or accommodation entries. The notes state that alleged National Spot Exchange and penny-stock transactions brought the Revenue's appeal within that exception, making it admissible on merits. Separately, an addition under Section 69 for unexplained investment is unsustainable where the taxpayer's investment is satisfactorily explained, the source is identified, and the alleged tax-evasion activity is not established factually. The deletion of the unexplained-investment addition was therefore sustained. Case-Laws Income Tax Thu, 13 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470062