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2018 (6) TMI 546 - AT - Income TaxUnexplained investments in construction - assessee explained source through withdrawals from the accounts of the partners from various concerns - Held that:- There is no evidence found during the course of survey operation to disprove the claim of the assessee that the source of funds were from the amount withdrawn by the respective partners from various concerns - assessee also filed reconciliation statement - thus AO is not justified in making any addition on the basis of the statement said to be recorded by Shri Jayaprakash Narayanan - hence we do not find any reason to interfere with the order of the lower authority - Decided against revenue
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