https://www.taxtmi.com/caselaws?id=56543 The ITAT held that the addition of Rs. 4,500 as unexplained investment for the assessment year 1981-82 should be deleted. The ITAT found that the list of gift-givers was submitted before the AAC and considered the customary nature of such gifts in Hindu families. Emphasizing the good status of the assessee and the lack of evidence to deem the investment unexplained, the ITAT allowed the appeal for statistical purposes, contingent on the list being provided to the ITO. en-us Wed, 22 Oct 1986 00:00:00 +0530 Sat, 04 Dec 2010 13:11:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56543 The ITAT held that the addition of Rs. 4,500 as unexplained investment for the assessment year 1981-82 should be deleted. The ITAT found that the list of gift-givers was submitted before the AAC and considered the customary nature of such gifts in Hindu families. Emphasizing the good status of the assessee and the lack of evidence to deem the investment unexplained, the ITAT allowed the appeal for statistical purposes, contingent on the list being provided to the ITO. Case-Laws Income Tax Wed, 22 Oct 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56543