Cash deposit addition sustained where the assessee failed to prove the source, identity, and creditworthiness of the alleged giver.

Cash deposit additions are sustained where the assessee fails to prove the source of the deposit or establish the identity, creditworthiness and financial capacity of the alleged provider. The explanation was not substantiated before the assessment authority, the first appellate authority or the Tribunal, so the addition was upheld against the assessee.

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Issues: Whether the addition of Rs. 17,25,000 on account of cash deposit in the bank account was liable to be sustained.

Analysis: The assessee failed to substantiate the source of the cash deposit and did not establish the identity, credibility, or financial capacity of the person stated to have provided the amount. The explanation remained unproved before the assessment authority, the first appellate authority, and the Tribunal.

Conclusion: The addition was upheld and the issue was decided against the assessee.

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