https://www.taxtmi.com/caselaws?id=269317 The Appellate Tribunal upheld the addition of the unexplained cash credit under section 68 of the Income Tax Act, emphasizing the lack of substantiation and proper explanation provided by the assessee regarding foreign currency gifts and cash deposits. The Tribunal's decision aligned with the findings of the lower authorities, emphasizing the importance of transparency and adequate documentation in such cases. en-us Tue, 13 Oct 2015 00:00:00 +0530 Sat, 12 Dec 2015 13:07:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269317 The Appellate Tribunal upheld the addition of the unexplained cash credit under section 68 of the Income Tax Act, emphasizing the lack of substantiation and proper explanation provided by the assessee regarding foreign currency gifts and cash deposits. The Tribunal's decision aligned with the findings of the lower authorities, emphasizing the importance of transparency and adequate documentation in such cases. Case-Laws Income Tax Tue, 13 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269317