https://www.taxtmi.com/caselaws?id=245192 The Tribunal upheld the additions related to suppressed turnover and undisclosed cash deposits made by the Assessing Officer and CIT(A) based on the appellant's inconsistent statements and non-disclosure of accounts. The Tribunal confirmed the estimation of income from undisclosed sources and upheld the addition of profit element on cash deposits while dismissing the appellant's claim for telescoping the additions. Ultimately, the Tribunal partly allowed the appeal, confirming the additions concerning suppressed turnover and undisclosed cash deposits. en-us Fri, 14 Mar 2014 00:00:00 +0530 Sat, 22 Mar 2014 06:57:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245192 The Tribunal upheld the additions related to suppressed turnover and undisclosed cash deposits made by the Assessing Officer and CIT(A) based on the appellant's inconsistent statements and non-disclosure of accounts. The Tribunal confirmed the estimation of income from undisclosed sources and upheld the addition of profit element on cash deposits while dismissing the appellant's claim for telescoping the additions. Ultimately, the Tribunal partly allowed the appeal, confirming the additions concerning suppressed turnover and undisclosed cash deposits. Case-Laws Income Tax Fri, 14 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245192