https://www.taxtmi.com/caselaws?id=471589 Assessment-year alignment governs taxation of alleged on-money payments as unexplained investment. Information obtained during a builder survey must identify the statement or material substantiating the quantified payment. Where bearer cheques evidencing the alleged payment were issued from September 2012 onward, they fell in financial year 2012-13, relevant to assessment year 2013-14. The transaction could therefore not be brought to tax as unexplained investment in assessment year 2012-13, and the addition for that year was deleted. en-us Tue, 08 Apr 2025 00:00:00 +0530 Wed, 09 Sep 2026 19:00:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471589 Assessment-year alignment governs taxation of alleged on-money payments as unexplained investment. Information obtained during a builder survey must identify the statement or material substantiating the quantified payment. Where bearer cheques evidencing the alleged payment were issued from September 2012 onward, they fell in financial year 2012-13, relevant to assessment year 2013-14. The transaction could therefore not be brought to tax as unexplained investment in assessment year 2012-13, and the addition for that year was deleted. Case-Laws Income Tax Tue, 08 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471589