https://www.taxtmi.com/caselaws?id=352868 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to add the alleged excess cash to the assessee's income. Despite the assessee's claim that the cash belonged to a firm, the Tribunal found it to be an afterthought and dismissed the appeal. The judgment underscores the significance of maintaining consistency in statements and providing evidence to substantiate claims of ownership or fund sources in income tax proceedings, particularly in cases involving undisclosed income uncovered during search operations. en-us Fri, 06 Oct 2017 00:00:00 +0530 Sat, 23 Dec 2017 09:06:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352868 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to add the alleged excess cash to the assessee's income. Despite the assessee's claim that the cash belonged to a firm, the Tribunal found it to be an afterthought and dismissed the appeal. The judgment underscores the significance of maintaining consistency in statements and providing evidence to substantiate claims of ownership or fund sources in income tax proceedings, particularly in cases involving undisclosed income uncovered during search operations. Case-Laws Income Tax Fri, 06 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352868