https://www.taxtmi.com/caselaws?id=795997 Revaluation of an existing tenancy right through book entries does not constitute unexplained investment where no new asset, funds, or consideration is introduced. Section 69 applies to unrecorded investments whose nature and source remain unexplained; a tenancy right continuously held since 1984 and merely revalued in the books does not meet that condition. Corresponding increases in the asset and partners' capital accounts reflect fair value rather than real income, particularly where no depreciation is claimed on the revalued amount. As revaluation involves no sale, relinquishment, extinguishment, distribution, or other transfer, it also does not amount to a transfer under Section 2(47). en-us Thu, 16 Jul 2026 00:00:00 +0530 Thu, 30 Jul 2026 08:52:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795997 Revaluation of an existing tenancy right through book entries does not constitute unexplained investment where no new asset, funds, or consideration is introduced. Section 69 applies to unrecorded investments whose nature and source remain unexplained; a tenancy right continuously held since 1984 and merely revalued in the books does not meet that condition. Corresponding increases in the asset and partners' capital accounts reflect fair value rather than real income, particularly where no depreciation is claimed on the revalued amount. As revaluation involves no sale, relinquishment, extinguishment, distribution, or other transfer, it also does not amount to a transfer under Section 2(47). Case-Laws Income Tax Thu, 16 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795997