https://www.taxtmi.com/caselaws?id=471352 Treatment of an entire mutual-fund investment as unexplained income requires examination of the source of deposits and whether any amount represents reinvestment. The assessee's NRI status, asserted banking source, and additional investment evidence require consideration. Where the assessment and first appellate proceedings have not effectively adjudicated the addition on merits, fresh adjudication is required after allowing the assessee an opportunity to produce evidence. The entire investment cannot be treated as unexplained without examining these matters. 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=471352 Treatment of an entire mutual-fund investment as unexplained income requires examination of the source of deposits and whether any amount represents reinvestment. The assessee's NRI status, asserted banking source, and additional investment evidence require consideration. Where the assessment and first appellate proceedings have not effectively adjudicated the addition on merits, fresh adjudication is required after allowing the assessee an opportunity to produce evidence. The entire investment cannot be treated as unexplained without examining these matters. Case-Laws Income Tax Fri, 04 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471352