https://www.taxtmi.com/caselaws?id=332078 The court dismissed the appellant's appeal challenging the addition of cash deposits to income under the Income Tax Act, 1961. The appellant's explanations for the deposits were deemed inconsistent and unconvincing, with discrepancies in documentation and transactions. Both the Commissioner and the Tribunal upheld the addition to income, citing false statements and lack of evidence. The court found no substantial legal questions raised, affirming the lower authorities' decisions on the unexplained cash deposits. en-us Mon, 05 Sep 2016 00:00:00 +0530 Fri, 09 Sep 2016 22:19:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332078 The court dismissed the appellant's appeal challenging the addition of cash deposits to income under the Income Tax Act, 1961. The appellant's explanations for the deposits were deemed inconsistent and unconvincing, with discrepancies in documentation and transactions. Both the Commissioner and the Tribunal upheld the addition to income, citing false statements and lack of evidence. The court found no substantial legal questions raised, affirming the lower authorities' decisions on the unexplained cash deposits. Case-Laws Income Tax Mon, 05 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332078