https://www.taxtmi.com/caselaws?id=471861 Section 69 applies to investments unexplained in the relevant assessment year, not to investments, short-term loans or advances disclosed in audited balance sheets and carried forward from preceding years. Where such amounts are recorded in the books and their existence in earlier years is evidenced by audited financial statements, incomplete supporting details during assessment proceedings do not convert them into unexplained investments of the relevant year. The addition for the disclosed carried-forward investments and advances was therefore unsustainable and required deletion. en-us Tue, 17 Dec 2024 00:00:00 +0530 Tue, 22 Sep 2026 08:17:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471861 Section 69 applies to investments unexplained in the relevant assessment year, not to investments, short-term loans or advances disclosed in audited balance sheets and carried forward from preceding years. Where such amounts are recorded in the books and their existence in earlier years is evidenced by audited financial statements, incomplete supporting details during assessment proceedings do not convert them into unexplained investments of the relevant year. The addition for the disclosed carried-forward investments and advances was therefore unsustainable and required deletion. Case-Laws Income Tax Tue, 17 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471861