https://www.taxtmi.com/caselaws?id=331578 The High Court upheld the ITAT's order in an appeal against the addition of Rs. 70 lakhs as unexplained cash by the Assessing Officer. The Assessee's cash flow chart and explanation, supported by the cash flow statement, were deemed credible and consistent by the ITAT. The High Court found no error in the ITAT's decision, emphasizing the lack of discrepancy in the Assessee's explanation. As a result, the appeal was dismissed as no substantial question of law was identified. en-us Fri, 29 Jul 2016 00:00:00 +0530 Sat, 27 Aug 2016 12:42:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331578 The High Court upheld the ITAT's order in an appeal against the addition of Rs. 70 lakhs as unexplained cash by the Assessing Officer. The Assessee's cash flow chart and explanation, supported by the cash flow statement, were deemed credible and consistent by the ITAT. The High Court found no error in the ITAT's decision, emphasizing the lack of discrepancy in the Assessee's explanation. As a result, the appeal was dismissed as no substantial question of law was identified. Case-Laws Income Tax Fri, 29 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331578