https://www.taxtmi.com/caselaws?id=207811 The Tribunal dismissed the assessee's appeal and upheld the addition of Rs. 4,00,000/- as unexplained cash credit under Section 68 of the Income Tax Act. The Tribunal found that the assessee failed to prove the legitimacy of the transaction and the source of the cash deposits, supporting the decisions of the lower authorities. en-us Thu, 02 Dec 2010 00:00:00 +0530 Mon, 26 Dec 2011 08:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207811 The Tribunal dismissed the assessee's appeal and upheld the addition of Rs. 4,00,000/- as unexplained cash credit under Section 68 of the Income Tax Act. The Tribunal found that the assessee failed to prove the legitimacy of the transaction and the source of the cash deposits, supporting the decisions of the lower authorities. Case-Laws Income Tax Thu, 02 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207811