Held that failure to furnish explanation for source of funds for purchase of car. Addition is justified. Income surrendered not disclosed in the return. Addition as unexplained investment is proper. Addition on account of foreign tour expenses of minor and assessee is held to be justified (AY. 2003-04 to 2005-06, 2007-08)
Gautam Kumar v. ACIT (2021) 91 ITR 28 (SN) (Delhi)(Trib.)
S. 69 : Unexplained investments-Failure to furnish explanation for source of funds for purchase of car-Addition is justified-Income surrendered not disclosed in the return-Addition as unexplained investment is proper-Addition on account of foreign tour expenses of minor and assessee is held to be justified. [S. 69C, 132(4)]