https://www.taxtmi.com/caselaws?id=169868 The tribunal upheld the Commissioner of Income Tax (Appeals)' decision to add unexplained cash to the appellant firm's income under sections 68 and 69 of the Income Tax Act. The appellant's failure to provide satisfactory explanations for the cash credits resulted in the dismissal of the appeal. The judgment emphasizes the necessity of justifying unexplained cash even under presumptive income schemes like section 44AD to prevent additions to taxable income. en-us Wed, 12 Mar 2014 00:00:00 +0530 Fri, 27 Jun 2014 14:06:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169868 The tribunal upheld the Commissioner of Income Tax (Appeals)' decision to add unexplained cash to the appellant firm's income under sections 68 and 69 of the Income Tax Act. The appellant's failure to provide satisfactory explanations for the cash credits resulted in the dismissal of the appeal. The judgment emphasizes the necessity of justifying unexplained cash even under presumptive income schemes like section 44AD to prevent additions to taxable income. Case-Laws Income Tax Wed, 12 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169868