https://www.taxtmi.com/caselaws?id=340750 The High Court dismissed the appellant-assessee's appeal, upholding the Tribunal's decision to treat the cash deposit of Rs. 14,20,212 as unexplained income under sections 68/69A of the Income Tax Act. The Court found that the Tribunal's decision was based on factual evidence showing a lack of linkage between the cash withdrawn and deposited, affirming that the onus of proof was not met by the appellant. Consequently, the appeal was dismissed on the grounds that no substantial legal question arose from the Tribunal's decision, and the findings were deemed legally sound and factual. en-us Tue, 07 Mar 2017 00:00:00 +0530 Sat, 18 Nov 2017 15:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340750 The High Court dismissed the appellant-assessee's appeal, upholding the Tribunal's decision to treat the cash deposit of Rs. 14,20,212 as unexplained income under sections 68/69A of the Income Tax Act. The Court found that the Tribunal's decision was based on factual evidence showing a lack of linkage between the cash withdrawn and deposited, affirming that the onus of proof was not met by the appellant. Consequently, the appeal was dismissed on the grounds that no substantial legal question arose from the Tribunal's decision, and the findings were deemed legally sound and factual. Case-Laws Income Tax Tue, 07 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340750