https://www.taxtmi.com/caselaws?id=260967 The Tribunal overturned the CIT(A)'s decision and reinstated the Assessing Officer's addition of Rs. 13,01,000 as 'Income from undisclosed sources.' The Tribunal found discrepancies in the evidence provided by the assessee regarding the claimed inheritance from his deceased mother, emphasizing the lack of direct evidence supporting the availability of cash with the deceased. The decision highlighted the importance of substantiating claims with tangible proof and assessing the credibility of explanations based on surrounding circumstances. en-us Thu, 18 Jun 2015 00:00:00 +0530 Mon, 29 Jun 2015 06:30:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260967 The Tribunal overturned the CIT(A)'s decision and reinstated the Assessing Officer's addition of Rs. 13,01,000 as 'Income from undisclosed sources.' The Tribunal found discrepancies in the evidence provided by the assessee regarding the claimed inheritance from his deceased mother, emphasizing the lack of direct evidence supporting the availability of cash with the deceased. The decision highlighted the importance of substantiating claims with tangible proof and assessing the credibility of explanations based on surrounding circumstances. Case-Laws Income Tax Thu, 18 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260967