https://www.taxtmi.com/caselaws?id=268816 The ITAT upheld the CIT(A)'s decision to add 12,12,000 to the assessee's income due to unexplained deposits. The appellant's explanation that the cash deposits were from the sale of a plot was deemed implausible, as discrepancies in deposit amounts and the feasibility of encashing bearer cheques on the same day were questioned. The ITAT found the explanation lacking and dismissed the appeal, confirming the addition to the income. en-us Thu, 06 Mar 2014 00:00:00 +0530 Wed, 02 Dec 2015 11:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268816 The ITAT upheld the CIT(A)'s decision to add 12,12,000 to the assessee's income due to unexplained deposits. The appellant's explanation that the cash deposits were from the sale of a plot was deemed implausible, as discrepancies in deposit amounts and the feasibility of encashing bearer cheques on the same day were questioned. The ITAT found the explanation lacking and dismissed the appeal, confirming the addition to the income. Case-Laws Income Tax Thu, 06 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268816