Investment Not Deemed Unexplained u/s 69 Due to Adequate Explanation and Proper Recording in Accounts.

Addition u/s 69 - Unexplained investment or not - only when the investment is not recorded in the books of accounts or the explanation by the assessee regarding the nature and source of the investment is found to be not satisfactory, the value of the investment can be treated as an unexplained investment u/s 69 - However, in the present case, no such allegation has been raised by the Revenue. - AT .....

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