https://www.taxtmi.com/caselaws?id=799923 Section 69 applies only where an assessee's investment and its source remain unsatisfactorily explained. Additional evidence admitted under Rule 29 established that residential property was jointly acquired and that each co-owner made payments through identifiable banking channels from explained sources. The agreement, developer receipts, co-owners' bank statements, TDS certificate and society share certificate did not establish that the assessee alone funded the entire investment. Accordingly, the investment could not be treated as unexplained in the assessee's hands, and the addition was deleted. en-us Mon, 07 Sep 2026 00:00:00 +0530 Tue, 29 Sep 2026 08:34:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799923 Section 69 applies only where an assessee's investment and its source remain unsatisfactorily explained. Additional evidence admitted under Rule 29 established that residential property was jointly acquired and that each co-owner made payments through identifiable banking channels from explained sources. The agreement, developer receipts, co-owners' bank statements, TDS certificate and society share certificate did not establish that the assessee alone funded the entire investment. Accordingly, the investment could not be treated as unexplained in the assessee's hands, and the addition was deleted. Case-Laws Income Tax Mon, 07 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799923