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2012 (9) TMI 952 - GUJARAT HIGH COURTAddition being interest on unexplained investment - Held that:- A careful perusal of the orders on record would suggest that except for the impounded document and statement of partner, there was no further evidence with the Revenue to make addition. In fact document itself only suggested entry of Rs . 3,12,159/-. It was on the strength of the statement of the partner during the survey that the Revenue inflated such figure 10 times by adding zero. Statement of partner also suggested that it was his personal income and not that of firm. Thus entire statement was also not taken in its entirety. Further other than such statement, there was no further material available on record. In fact, the Tribunal recorded that from the document there was nothing to suggest that the entries pertained to loan and advances.
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