Unexplained investment addition can be made in year of Purchase

If period of holding is >1yr then it is LTCG & Exempt & Assessing Officer can make addition in the year of purchase if unexplained but no addition can be made in the present year/year of assessment. Facts of the Case It was submitted by Learned A. R. of the assessee that photocopy of DEMAT account statement for the period from 01/12/2007 to 31/12/2007 is available on page No. 3 of the paper book and the same for the period from 01/04/2010 to 31/03/2011 is available on page No. 4 of the paper book. He further submitted that as per the DEMAT account statement available on page No. 3 o...