Unexplained investment - the Ld. AO has himself mentioned in ...

Assessing officer admits lack of year-wise transaction data; no income additions for taxpayer in 2009-10.

April 7, 2023

Case Laws Income Tax AT

Unexplained investment - the Ld. AO has himself mentioned in Para 12.1 “The excel sheet does not contain the year wise breakup. A reasonable estimate of these year wise is as under”. This categorical mention by Ld. AO clearly admits that there was no basis for attributing the transactions to AY 2009-10 under consideration. - No additions - AT

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Unexplained investment - the Ld. AO has himself mentioned in ...

Assessing officer admits lack of year-wise transaction data; no income additions for taxpayer in 2009-10.

April 7, 2023

Case Laws Income Tax AT

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