https://www.taxtmi.com/caselaws?id=353851 The ITAT upheld the CIT(A)'s decision to confirm the addition of unexplained cash found during a search, as the assessee failed to provide sufficient evidence to support their explanation. The ITAT dismissed the assessee's appeal, emphasizing the importance of providing credible and substantiated explanations during assessment proceedings, particularly in cases involving unexplained cash. The judgment underscores the burden of proof on the assessee to establish the legitimacy of their claims with concrete evidence to avoid adverse outcomes. en-us Fri, 08 Dec 2017 00:00:00 +0530 Sat, 13 Jan 2018 08:53:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353851 The ITAT upheld the CIT(A)'s decision to confirm the addition of unexplained cash found during a search, as the assessee failed to provide sufficient evidence to support their explanation. The ITAT dismissed the assessee's appeal, emphasizing the importance of providing credible and substantiated explanations during assessment proceedings, particularly in cases involving unexplained cash. The judgment underscores the burden of proof on the assessee to establish the legitimacy of their claims with concrete evidence to avoid adverse outcomes. Case-Laws Income Tax Fri, 08 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353851