https://www.taxtmi.com/caselaws?id=343099 The appeal was dismissed as the assessee failed to provide credible evidence for the cash deposits in the bank account. The CIT(A) and AO found gaps and inconsistencies in the explanation. Additional evidence was admitted but deemed insufficient. The addition of Rs. 22,16,500/- as unexplained cash deposits was confirmed. The judgment underscores the necessity of substantial and credible evidence to support income source claims. en-us Tue, 16 May 2017 00:00:00 +0530 Fri, 19 May 2017 07:47:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343099 The appeal was dismissed as the assessee failed to provide credible evidence for the cash deposits in the bank account. The CIT(A) and AO found gaps and inconsistencies in the explanation. Additional evidence was admitted but deemed insufficient. The addition of Rs. 22,16,500/- as unexplained cash deposits was confirmed. The judgment underscores the necessity of substantial and credible evidence to support income source claims. Case-Laws Income Tax Tue, 16 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343099