https://www.taxtmi.com/caselaws?id=799848 Section 69 applies only where the assessee made an investment that was not recorded in its books and whose nature and source remained unexplained. Payments made before the assessee firm existed, and confirmed as payments by a predecessor firm, could not constitute the assessee's investment merely because it assumed the related project liability. Any unexplained cash source required examination in the predecessor firm's assessment. Cash-flow details, buyer particulars and bank entries were not displaced through enquiry, and suspicion could not substitute evidence. A bank payment subsequently returned to the payer did not establish a separate cash payment without corroboration. No unexplained investment arose, and the related addition, tax treatment and interest were deleted. en-us Thu, 17 Sep 2026 00:00:00 +0530 Mon, 28 Sep 2026 08:12:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799848 Section 69 applies only where the assessee made an investment that was not recorded in its books and whose nature and source remained unexplained. Payments made before the assessee firm existed, and confirmed as payments by a predecessor firm, could not constitute the assessee's investment merely because it assumed the related project liability. Any unexplained cash source required examination in the predecessor firm's assessment. Cash-flow details, buyer particulars and bank entries were not displaced through enquiry, and suspicion could not substitute evidence. A bank payment subsequently returned to the payer did not establish a separate cash payment without corroboration. No unexplained investment arose, and the related addition, tax treatment and interest were deleted. Case-Laws Income Tax Thu, 17 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799848