MOTILAL KHATRI vs COMMISSIONER OF INCOME TAX I — C.A. No. 7221/2010

Summary of C.A. No. 007221/2010 - Motilal Khatri v. Commissioner of Income Tax I The Supreme Court dismissed Motilal Khatri's appeal challenging the High Court's decision to uphold the Assessing Officer's addition of Rs. 3,88,000 as investment under Section 69 of the Income Tax Act, 1961, finding the assessee's explanation unsatisfactory. The Court held that the High Court properly considered all relevant aspects and correctly concluded that the Income Tax Appellate Tribunal had misdirected itself by assuming irrelevant and unsubstantiated facts, thus warranting no interference with the High Court's judgment. The appeal was dismissed on October 17, 2019, with pending applications disposed of. This case analysis is maintained by casestatus.in based on publicly available court records.