SMT. GARIMA MEHTA,GWALIOR vs. I.T.O., WARD-1(2), GWALIOR

In the result, the appeal is partly allowed

Bench: Shri A. D. Jain & Dr. Mitha Lal Meena

section 69 are attracted only when the assessee has made investments which are not recorded in the books of account. In the present case, as rightly contended, no actual investment stands proved by either of the Authorities below as having been made by the assessee. In this regard, in ‘Ashok Kumar Rastogi vs. CIT’, 59 Taxman