No addition u/s 69 where investment along with its source recorded in seized documents

Brief of the Case

ITAT Kolkata held In case of ACIT vs. M/s Prem Lal Jain that no addition could be made u/s 69 as the entire investments in shares made by the assessee have been duly recorded in the books of accounts of the assessee which are part of the seized documents and sources for the same are also explained from the same seized documents. In the given case business income from the proprietary concern M/s Jain Finance Corporation has been accepted by the AO and hence there is no need to di

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