https://www.taxtmi.com/caselaws?id=334935 The Tribunal dismissed all appeals, affirming the CIT(A)'s decisions on undisclosed income additions, treatment of unaccounted sales, and loan source explanations for the three assessees. The CIT(A) upheld additions of undisclosed income based on lack of maintained books of accounts and discrepancies in cash flow entries. The Tribunal emphasized the burden of proof on the assessee and lack of satisfactory explanations for the discrepancies, ultimately confirming the CIT(A)'s orders in a consolidated decision pronounced on 20th July 2016 in Ahmedabad. en-us Wed, 20 Jul 2016 00:00:00 +0530 Sat, 19 Nov 2016 14:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334935 The Tribunal dismissed all appeals, affirming the CIT(A)'s decisions on undisclosed income additions, treatment of unaccounted sales, and loan source explanations for the three assessees. The CIT(A) upheld additions of undisclosed income based on lack of maintained books of accounts and discrepancies in cash flow entries. The Tribunal emphasized the burden of proof on the assessee and lack of satisfactory explanations for the discrepancies, ultimately confirming the CIT(A)'s orders in a consolidated decision pronounced on 20th July 2016 in Ahmedabad. Case-Laws Income Tax Wed, 20 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334935