https://www.taxtmi.com/caselaws?id=344987 The ITAT Chandigarh partly allowed the appeal, deleting additions related to unexplained cash deposits for tractors as all transactions were supported by evidence. However, the additions regarding unexplained credit in the name of a creditor were upheld due to the failure to prove creditworthiness. The issue of unexplained credits in the names of Smt. Rama Sharma and Kumari Sujata was remanded for further consideration, and the addition on account of low household withdrawals was partially upheld due to insufficient disclosure. en-us Fri, 10 Feb 2017 00:00:00 +0530 Tue, 04 Jul 2017 07:22:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344987 The ITAT Chandigarh partly allowed the appeal, deleting additions related to unexplained cash deposits for tractors as all transactions were supported by evidence. However, the additions regarding unexplained credit in the name of a creditor were upheld due to the failure to prove creditworthiness. The issue of unexplained credits in the names of Smt. Rama Sharma and Kumari Sujata was remanded for further consideration, and the addition on account of low household withdrawals was partially upheld due to insufficient disclosure. Case-Laws Income Tax Fri, 10 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344987