https://www.taxtmi.com/caselaws?id=471118 Unexplained investment in shares could not be sustained where the Assessing Officer repeated the addition without conducting verification mandated in earlier appellate proceedings. Verification with the respective companies was required to determine the assessee's actual shareholdings. Considering the age of the matter and treatment of shareholdings in the subsequent assessment year, where recorded holdings were substantially accepted after verification, a further remand was considered unnecessary. The addition for unexplained investment was deleted in favour of the assessee. en-us Mon, 24 Oct 2016 00:00:00 +0530 Fri, 21 Aug 2026 18:18:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471118 Unexplained investment in shares could not be sustained where the Assessing Officer repeated the addition without conducting verification mandated in earlier appellate proceedings. Verification with the respective companies was required to determine the assessee's actual shareholdings. Considering the age of the matter and treatment of shareholdings in the subsequent assessment year, where recorded holdings were substantially accepted after verification, a further remand was considered unnecessary. The addition for unexplained investment was deleted in favour of the assessee. Case-Laws Income Tax Mon, 24 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471118