https://www.taxtmi.com/caselaws?id=210386 The Court upheld the additions under Section 68 of the Income Tax Act, ruling that the appellant failed to adequately prove the nature and source of disputed deposits made by Sri Nazeer Ahmad and Sri Jamal Ahmad. Despite explanations provided by the appellant, the Court found insufficient evidence to support the claims, leading to the confirmation of the unexplained cash credits totaling Rs. 1,03,000. The Tribunal's decision was upheld, and the appeal was dismissed. en-us Thu, 01 Dec 2011 00:00:00 +0530 Mon, 23 Jan 2012 17:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210386 The Court upheld the additions under Section 68 of the Income Tax Act, ruling that the appellant failed to adequately prove the nature and source of disputed deposits made by Sri Nazeer Ahmad and Sri Jamal Ahmad. Despite explanations provided by the appellant, the Court found insufficient evidence to support the claims, leading to the confirmation of the unexplained cash credits totaling Rs. 1,03,000. The Tribunal's decision was upheld, and the appeal was dismissed. Case-Laws Income Tax Thu, 01 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210386