https://www.taxtmi.com/caselaws?id=471357 Unexplained-investment additions require factual verification where additional bank records and supporting documents are produced to establish the source of advances. The additions must be deleted if the additional evidence is found genuine on verification. Interest income cannot be added under the residual income provision where the actual interest received and offered to tax exceeds the interest computed from seized material. The reflected real-estate business in the HUF return further supports the disclosed position. Accordingly, the interest-income additions do not survive, while source-based additions remain subject to verification and consequential deletion upon substantiation. en-us Fri, 04 Apr 2025 00:00:00 +0530 Mon, 31 Aug 2026 18:58:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471357 Unexplained-investment additions require factual verification where additional bank records and supporting documents are produced to establish the source of advances. The additions must be deleted if the additional evidence is found genuine on verification. Interest income cannot be added under the residual income provision where the actual interest received and offered to tax exceeds the interest computed from seized material. The reflected real-estate business in the HUF return further supports the disclosed position. Accordingly, the interest-income additions do not survive, while source-based additions remain subject to verification and consequential deletion upon substantiation. Case-Laws Income Tax Fri, 04 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471357