Tribunal deleted the addition as the revenue failed to provide the basis of addition on the basis of information. Similarly the revenue alleged that assessee was holding shares in addition to number of shares as declared, but revenue failed to prove same, no addition could have been made in hands of assesse. ( AY. 1992-93)
DCIT v. Growmore Leasing & Investment Ltd. (2018) 168 ITD 1 (Mum) (Trib.)
S. 69 : Unexplained investments – Investment in shares and bonds – Addition was deleted as the alleged information was not made available to the assesse.