https://www.taxtmi.com/caselaws?id=328238 The Tribunal upheld the CIT(A)'s decision in a case involving unexplained cash deposits, denial of set-off of business loss against income assessed under section 69, disallowance of short-term capital loss, and charging of interest under sections 234B and 234C. The Tribunal found the assessee failed to provide satisfactory evidence to explain the source of cash deposits and dismissed the appeal for the assessment year 2009-10, directing the AO to recompute the interest chargeable under sections 234B and 234C. en-us Wed, 25 May 2016 00:00:00 +0530 Mon, 30 May 2016 16:56:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328238 The Tribunal upheld the CIT(A)'s decision in a case involving unexplained cash deposits, denial of set-off of business loss against income assessed under section 69, disallowance of short-term capital loss, and charging of interest under sections 234B and 234C. The Tribunal found the assessee failed to provide satisfactory evidence to explain the source of cash deposits and dismissed the appeal for the assessment year 2009-10, directing the AO to recompute the interest chargeable under sections 234B and 234C. Case-Laws Income Tax Wed, 25 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328238