https://www.taxtmi.com/caselaws?id=362403 The ITAT Hyderabad dismissed the assessee's appeal, upholding the CIT (A)'s decision to treat unaccounted income under section 69 of the I.T. Act. The case involved discrepancies in the possession of excess gold bars by the goldsmith assessee, with unreliable evidence failing to establish ownership by another individual. The tribunal emphasized the lack of substantiated proof, inconsistencies in statements, and the importance of credible evidence in tax assessments to prevent income concealment. en-us Fri, 22 Jun 2018 00:00:00 +0530 Mon, 25 Jun 2018 08:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362403 The ITAT Hyderabad dismissed the assessee's appeal, upholding the CIT (A)'s decision to treat unaccounted income under section 69 of the I.T. Act. The case involved discrepancies in the possession of excess gold bars by the goldsmith assessee, with unreliable evidence failing to establish ownership by another individual. The tribunal emphasized the lack of substantiated proof, inconsistencies in statements, and the importance of credible evidence in tax assessments to prevent income concealment. Case-Laws Income Tax Fri, 22 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362403