https://www.taxtmi.com/caselaws?id=366793 The ITAT dismissed both appeals filed by the assessee and the revenue. The assessee failed to substantiate the sources of capital introduced, sundry creditors, and loan creditors, leading to additions to the income. The CIT(A) and ITAT upheld the additions due to lack of evidence. The revenue's appeal was dismissed as the tax effect was below the threshold set by a CBDT Circular, making it not maintainable. en-us Wed, 05 Sep 2018 00:00:00 +0530 Tue, 11 Sep 2018 08:11:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366793 The ITAT dismissed both appeals filed by the assessee and the revenue. The assessee failed to substantiate the sources of capital introduced, sundry creditors, and loan creditors, leading to additions to the income. The CIT(A) and ITAT upheld the additions due to lack of evidence. The revenue's appeal was dismissed as the tax effect was below the threshold set by a CBDT Circular, making it not maintainable. Case-Laws Income Tax Wed, 05 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366793