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Income Tax - Highlights / Catch Notes

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Unexplained investment u/s 69 - The documents, which were found ...

Case Laws     Income Tax

December 22, 2022

Unexplained investment u/s 69 - The documents, which were found in the possession of other person, does not bear the name of the assessee, that is, the name of the assessee is not mentioned in the statement of another person. No addition can be made, if documents impounded during survey are unsigned and incomplete. No addition of unaccounted investment can be sustained when Assessing Officer had not made any further investigation. - AT

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