Tribunal held that though the FDRs found from premises of director it reflected in the accounts of the company hence addition cannot be made as unexplained investments. (AY. 1997-98)
Awanindra Singh v. DCIT (2019) 176 ITD 355/180 DTR 17 (Delhi)(Trib.)
S. 69 : Unexplained investments-FDRs found from premises of director–Reflected in the accounts of the company–Addition cannot be made as unexplained investments.