https://www.taxtmi.com/caselaws?id=364102 The tribunal upheld the addition of unexplained cash credit in the income tax assessment for AY 2006-07, as the appellant failed to substantiate the sources of cash deposits and gifts. Despite claiming gifts from relatives and loans from friends, the appellant lacked credible evidence, such as bank statements or agricultural receipts, to support these transactions. The tribunal emphasized the absence of maintained accounts and reliable statements from donors, ultimately dismissing the appeal and affirming the assessment decision. en-us Fri, 02 Feb 2018 00:00:00 +0530 Wed, 25 Jul 2018 18:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364102 The tribunal upheld the addition of unexplained cash credit in the income tax assessment for AY 2006-07, as the appellant failed to substantiate the sources of cash deposits and gifts. Despite claiming gifts from relatives and loans from friends, the appellant lacked credible evidence, such as bank statements or agricultural receipts, to support these transactions. The tribunal emphasized the absence of maintained accounts and reliable statements from donors, ultimately dismissing the appeal and affirming the assessment decision. Case-Laws Income Tax Fri, 02 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364102