https://www.taxtmi.com/caselaws?id=326465 Cash deposits were treated as unexplained under section 68 because the assessee failed to prove the source with authentic, corroborative evidence. A photocopy of an agreement to sell, unsupported by the original document, direct verification from the alleged purchaser, or surrounding evidence of an actual transaction, was held insufficient. The explanation was found inconsistent with normal human conduct and not established on the preponderance of probabilities applicable in income-tax proceedings. The addition was therefore sustained as unexplained cash credit. en-us Mon, 22 Feb 2016 00:00:00 +0530 Sat, 16 Apr 2016 10:40:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326465 Cash deposits were treated as unexplained under section 68 because the assessee failed to prove the source with authentic, corroborative evidence. A photocopy of an agreement to sell, unsupported by the original document, direct verification from the alleged purchaser, or surrounding evidence of an actual transaction, was held insufficient. The explanation was found inconsistent with normal human conduct and not established on the preponderance of probabilities applicable in income-tax proceedings. The addition was therefore sustained as unexplained cash credit. Case-Laws Income Tax Mon, 22 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326465