https://www.taxtmi.com/caselaws?id=55330 The Tribunal upheld the deletion of additions related to unexplained investments in shares, cash, and jewelry, affirming the CIT(A)'s findings that these were adequately explained. However, the Tribunal disallowed the loss on share sales, siding with the Judicial Member's view that the transactions were speculative. The Tribunal also upheld the addition of Rs. 2,00,000 for investment in house property, agreeing with the Judicial Member. Consequently, the revenue's appeals for the assessment years 1990-91 to 1992-93 were dismissed, while the appeal for 1993-94 was partly allowed. The assessee's appeal for 1993-94 was dismissed. en-us Fri, 27 Feb 2004 00:00:00 +0530 Fri, 26 Jul 2024 15:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55330 The Tribunal upheld the deletion of additions related to unexplained investments in shares, cash, and jewelry, affirming the CIT(A)'s findings that these were adequately explained. However, the Tribunal disallowed the loss on share sales, siding with the Judicial Member's view that the transactions were speculative. The Tribunal also upheld the addition of Rs. 2,00,000 for investment in house property, agreeing with the Judicial Member. Consequently, the revenue's appeals for the assessment years 1990-91 to 1992-93 were dismissed, while the appeal for 1993-94 was partly allowed. The assessee's appeal for 1993-94 was dismissed. Case-Laws Income Tax Fri, 27 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55330