https://www.taxtmi.com/caselaws?id=235423 The Income Tax Appellate Tribunal upheld the assessment under Section 143(3) of the Income Tax Act, determining that the cash deposits made by Civil Engineers in their savings bank account were undisclosed income. The Tribunal found that the engineers failed to provide evidence that the money belonged to other individuals as claimed. The engineers' argument to treat the deposits as unexplained cash credits instead of undisclosed business turnover was rejected by the Tribunal, which dismissed the Tax Case Appeals, stating no substantial question of law was identified. en-us Wed, 03 Jul 2013 00:00:00 +0530 Fri, 06 Jun 2014 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235423 The Income Tax Appellate Tribunal upheld the assessment under Section 143(3) of the Income Tax Act, determining that the cash deposits made by Civil Engineers in their savings bank account were undisclosed income. The Tribunal found that the engineers failed to provide evidence that the money belonged to other individuals as claimed. The engineers' argument to treat the deposits as unexplained cash credits instead of undisclosed business turnover was rejected by the Tribunal, which dismissed the Tax Case Appeals, stating no substantial question of law was identified. Case-Laws Income Tax Wed, 03 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235423