https://www.taxtmi.com/caselaws?id=244060 The Revenue's appeal was allowed, overturning the CIT(A)'s decision and upholding the AO's addition of Rs.20,00,000 to the assessee's income for the assessment year 2007-08. The court emphasized the necessity of providing evidence to support transactions and clarify the source of funds to prevent discrepancies and undisclosed income additions. en-us Fri, 14 Feb 2014 00:00:00 +0530 Mon, 17 Feb 2014 20:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244060 The Revenue's appeal was allowed, overturning the CIT(A)'s decision and upholding the AO's addition of Rs.20,00,000 to the assessee's income for the assessment year 2007-08. The court emphasized the necessity of providing evidence to support transactions and clarify the source of funds to prevent discrepancies and undisclosed income additions. Case-Laws Income Tax Fri, 14 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244060