https://www.taxtmi.com/caselaws?id=215801 The Appellate Tribunal confirmed the addition under section 68 of the Income Tax Act due to the appellant's failure to prove the source of cash deposits, despite claiming to be an accommodator. The Tribunal directed the Assessing Officer to verify peak deposits and make additions accordingly. An alternative plea to estimate commission income or tax peak deposits was partially allowed, with the Tribunal directing a reassessment based on a specified rate for profit from Hawala business. en-us Fri, 29 Jun 2012 00:00:00 +0530 Sat, 18 Aug 2012 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215801 The Appellate Tribunal confirmed the addition under section 68 of the Income Tax Act due to the appellant's failure to prove the source of cash deposits, despite claiming to be an accommodator. The Tribunal directed the Assessing Officer to verify peak deposits and make additions accordingly. An alternative plea to estimate commission income or tax peak deposits was partially allowed, with the Tribunal directing a reassessment based on a specified rate for profit from Hawala business. Case-Laws Income Tax Fri, 29 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215801