https://www.taxtmi.com/caselaws?id=351199 The Tribunal upheld the additions made by the Assessing Officer (AO) and confirmed by the Commissioner of Income Tax (Appeals) [CIT(A)] in a case involving unexplained investments and credits under sections 69 and 68 of the Income Tax Act. The Tribunal found that the assessee failed to substantiate the nature and sources of the investments and credits adequately, leading to the dismissal of the appeal. The additions of Rs. 39,74,113/- as unexplained investment under section 69 and Rs. 2,96,500/- as unexplained credits under section 68 were upheld. en-us Fri, 17 Nov 2017 00:00:00 +0530 Sat, 18 Nov 2017 14:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351199 The Tribunal upheld the additions made by the Assessing Officer (AO) and confirmed by the Commissioner of Income Tax (Appeals) [CIT(A)] in a case involving unexplained investments and credits under sections 69 and 68 of the Income Tax Act. The Tribunal found that the assessee failed to substantiate the nature and sources of the investments and credits adequately, leading to the dismissal of the appeal. The additions of Rs. 39,74,113/- as unexplained investment under section 69 and Rs. 2,96,500/- as unexplained credits under section 68 were upheld. Case-Laws Income Tax Fri, 17 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351199