https://www.taxtmi.com/caselaws?id=367282 The Tribunal affirmed the decision of the ld. CIT(A) to confirm the addition of Rs. 46.00 lacs as an unexplained cash deposit in the bank account for A.Y. 2009-10. Despite the assessee's explanations, the Tribunal found the source of the cash deposit unsatisfactory and lacking credibility, upholding the dismissal of the appeal. The Tribunal stressed the necessity of providing reasonable and plausible explanations for financial transactions to avoid additions under the Income Tax Act. en-us Thu, 13 Sep 2018 00:00:00 +0530 Tue, 18 Sep 2018 08:02:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367282 The Tribunal affirmed the decision of the ld. CIT(A) to confirm the addition of Rs. 46.00 lacs as an unexplained cash deposit in the bank account for A.Y. 2009-10. Despite the assessee's explanations, the Tribunal found the source of the cash deposit unsatisfactory and lacking credibility, upholding the dismissal of the appeal. The Tribunal stressed the necessity of providing reasonable and plausible explanations for financial transactions to avoid additions under the Income Tax Act. Case-Laws Income Tax Thu, 13 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367282