Hello All,
Can anyone solve my query please?
A person made investment in shares before 15 years back out of his withdrawals from his proprietorship concern. Now after 15 years the sale proceeds of such shares is credited to his capital a/c by making transfer from his personal bank account. The AO treated the same as alleged unexplained investment u/s. 69b. Whether his action is tenable or not?
Thakyou in anticipation.