https://www.taxtmi.com/caselaws?id=339881 The Tribunal upheld the CIT(A)'s decision to add Rs. 20,13,530 as unexplained money under section 69A of the Income Tax Act due to lack of evidence and proper accounts. The appeal was dismissed as the appellant did not participate, and no rebuttal was presented. The judgment did not elaborate on the issues of interest charged under sections 234B/C/D or penalty proceedings under section 271(1)(c), focusing solely on the unexplained money addition and its confirmation. en-us Mon, 06 Mar 2017 00:00:00 +0530 Thu, 09 Mar 2017 08:36:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339881 The Tribunal upheld the CIT(A)'s decision to add Rs. 20,13,530 as unexplained money under section 69A of the Income Tax Act due to lack of evidence and proper accounts. The appeal was dismissed as the appellant did not participate, and no rebuttal was presented. The judgment did not elaborate on the issues of interest charged under sections 234B/C/D or penalty proceedings under section 271(1)(c), focusing solely on the unexplained money addition and its confirmation. Case-Laws Income Tax Mon, 06 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339881