https://www.taxtmi.com/caselaws?id=352736 The ITAT Kolkata dismissed cross-appeals by the revenue and assessee for A.Y. 2010-11. Revenue's appeal was not maintainable due to tax effect below 10 lakhs as per CBDT Circular No. 21 of 2015. Unexplained cash of 18,08,048/- found during survey at M/s. Nidhi Sulphonates was added to income. CIT(A) upheld the addition, rejecting partner's retracted statement. ITAT confirmed CIT(A)'s decision, dismissing assessee's appeal. Both appeals were dismissed, upholding addition of unexplained cash for failure to prove its source or relation to a sister concern. en-us Fri, 15 Dec 2017 00:00:00 +0530 Wed, 20 Dec 2017 08:46:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352736 The ITAT Kolkata dismissed cross-appeals by the revenue and assessee for A.Y. 2010-11. Revenue's appeal was not maintainable due to tax effect below 10 lakhs as per CBDT Circular No. 21 of 2015. Unexplained cash of 18,08,048/- found during survey at M/s. Nidhi Sulphonates was added to income. CIT(A) upheld the addition, rejecting partner's retracted statement. ITAT confirmed CIT(A)'s decision, dismissing assessee's appeal. Both appeals were dismissed, upholding addition of unexplained cash for failure to prove its source or relation to a sister concern. Case-Laws Income Tax Fri, 15 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352736