https://www.taxtmi.com/caselaws?id=355936 The Tribunal upheld the CIT(A)'s decision in its entirety, dismissing the appeal filed by the assessee. It was determined that the claimed gift of Rs. 5,00,000 was not genuine, and the addition of Rs. 14,33,500 as unexplained cash credits was deemed justified. The request to limit the addition to the peak cash credit of Rs. 6,55,350 was denied due to insufficient evidence. Consequently, the appeal was dismissed on 14.02.2018. en-us Wed, 14 Feb 2018 00:00:00 +0530 Thu, 22 Feb 2018 06:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355936 The Tribunal upheld the CIT(A)'s decision in its entirety, dismissing the appeal filed by the assessee. It was determined that the claimed gift of Rs. 5,00,000 was not genuine, and the addition of Rs. 14,33,500 as unexplained cash credits was deemed justified. The request to limit the addition to the peak cash credit of Rs. 6,55,350 was denied due to insufficient evidence. Consequently, the appeal was dismissed on 14.02.2018. Case-Laws Income Tax Wed, 14 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355936