https://www.taxtmi.com/caselaws?id=359694 The High Court dismissed the appeal challenging the Income Tax Appellate Tribunal's decision to confirm the addition of cash deposits in the bank account under Section 68 of the Income Tax Act. Despite the appellant's detailed explanations supported by evidence, including cash flow statements and bank records, the Court found no substantial question of law. The Court emphasized that the revenue authorities had consistently rejected the assessee's explanations, and the findings regarding the cash deposits were factual issues falling within their jurisdiction. en-us Thu, 05 Apr 2018 00:00:00 +0530 Thu, 03 May 2018 06:36:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359694 The High Court dismissed the appeal challenging the Income Tax Appellate Tribunal's decision to confirm the addition of cash deposits in the bank account under Section 68 of the Income Tax Act. Despite the appellant's detailed explanations supported by evidence, including cash flow statements and bank records, the Court found no substantial question of law. The Court emphasized that the revenue authorities had consistently rejected the assessee's explanations, and the findings regarding the cash deposits were factual issues falling within their jurisdiction. Case-Laws Income Tax Thu, 05 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359694