https://www.taxtmi.com/caselaws?id=248900 The ITAT partially allowed the appeal, directing the assessing officer to consider Rs.6.00 lakhs as legitimate funds and upholding the remaining balance of Rs.6,73,150 as unexplained income under section 69 of the Income Tax Act. The ITAT found merit in the assessee's explanations regarding past savings, Kuri receipts, and withdrawals from the bank account in the previous year, applying the principle of human probabilities to determine the issue. The decision was pronounced on 06-06-2014. en-us Fri, 06 Jun 2014 00:00:00 +0530 Sat, 28 Jun 2014 13:32:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248900 The ITAT partially allowed the appeal, directing the assessing officer to consider Rs.6.00 lakhs as legitimate funds and upholding the remaining balance of Rs.6,73,150 as unexplained income under section 69 of the Income Tax Act. The ITAT found merit in the assessee's explanations regarding past savings, Kuri receipts, and withdrawals from the bank account in the previous year, applying the principle of human probabilities to determine the issue. The decision was pronounced on 06-06-2014. Case-Laws Income Tax Fri, 06 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248900