https://www.taxtmi.com/caselaws?id=343418 The Tribunal upheld the CIT(A)'s decisions in a case involving challenges to additions on account of unexplained cash credits and investments in jewelry for assessment years 2009-10 and 2010-11. The Tribunal found that the assessee had largely proven the sources of the transactions but upheld specific additions where confirmations were lacking. Both the Revenue's and Assessee's appeals were dismissed, emphasizing the AO's duty to pursue further verification when initial evidence is provided. en-us Fri, 19 May 2017 00:00:00 +0530 Thu, 25 May 2017 10:24:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343418 The Tribunal upheld the CIT(A)'s decisions in a case involving challenges to additions on account of unexplained cash credits and investments in jewelry for assessment years 2009-10 and 2010-11. The Tribunal found that the assessee had largely proven the sources of the transactions but upheld specific additions where confirmations were lacking. Both the Revenue's and Assessee's appeals were dismissed, emphasizing the AO's duty to pursue further verification when initial evidence is provided. Case-Laws Income Tax Fri, 19 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343418