Unexplained Investment Not Proven: No Evidence to Support Assessment as Expenditure Under Income Tax Act Section 69.

Addition u/s 69 - unexplained investment - when no evidence has been brought on record to substantiate the allegation that the investment is from unexplained sources and rather as per the assessment order passed by the AO, the same has been considered as an expenditure. Therefore, no addition could have been made in the absence of an independent, corroborative evidence.- AT .....

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