https://www.taxtmi.com/caselaws?id=800010 Section 69 applies only where an investment remains unexplained. In a jointly acquired residential property, housing-loan proceeds, mutual-fund redemptions, provident-fund withdrawals and matching bank-account payments of the assessee and spouse established both the source and application of the purchase consideration. Materials already on record supported the explanation; failure to respond to a later show-cause notice did not displace that evidence. The investment was treated as fully explained, and the Section 69 addition was deleted. en-us Mon, 21 Sep 2026 00:00:00 +0530 Wed, 30 Sep 2026 08:41:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800010 Section 69 applies only where an investment remains unexplained. In a jointly acquired residential property, housing-loan proceeds, mutual-fund redemptions, provident-fund withdrawals and matching bank-account payments of the assessee and spouse established both the source and application of the purchase consideration. Materials already on record supported the explanation; failure to respond to a later show-cause notice did not displace that evidence. The investment was treated as fully explained, and the Section 69 addition was deleted. Case-Laws Income Tax Mon, 21 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800010