https://www.taxtmi.com/caselaws?id=340473 The High Court dismissed the appeal challenging additions made by the Assessing Officer on unexplained deposits and undisclosed interest in bank accounts. The Court upheld the Tribunal's decision, emphasizing the lack of evidence and credibility in the appellant's explanations for the financial transactions. The Tribunal's findings were based on the appellant's failure to prove the genuineness of transactions and provide evidence for cash deposits and interest income. The Court found the lower authorities' decisions reasonable and not perverse, leading to the dismissal of the appeal for lack of raising a substantial question of law. en-us Thu, 10 Nov 2016 00:00:00 +0530 Wed, 15 Mar 2017 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340473 The High Court dismissed the appeal challenging additions made by the Assessing Officer on unexplained deposits and undisclosed interest in bank accounts. The Court upheld the Tribunal's decision, emphasizing the lack of evidence and credibility in the appellant's explanations for the financial transactions. The Tribunal's findings were based on the appellant's failure to prove the genuineness of transactions and provide evidence for cash deposits and interest income. The Court found the lower authorities' decisions reasonable and not perverse, leading to the dismissal of the appeal for lack of raising a substantial question of law. Case-Laws Income Tax Thu, 10 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340473