https://www.taxtmi.com/caselaws?id=369416 The appellant contested the addition under Section 69A of the Income Tax Act, 1961, but the authorities upheld the addition of Rs. 26,68,525 despite discrepancies in declared income and cash deposits. The appellant's explanations for cash deposits were rejected due to lack of substantiation, and failure to provide details from the VAT return raised concerns. The Tribunal affirmed the lower authorities' findings, dismissing the appeal as no substantial question of law was identified, emphasizing the importance of maintaining accurate financial records and transparency in tax assessments. en-us Thu, 04 Oct 2018 00:00:00 +0530 Sat, 27 Oct 2018 07:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369416 The appellant contested the addition under Section 69A of the Income Tax Act, 1961, but the authorities upheld the addition of Rs. 26,68,525 despite discrepancies in declared income and cash deposits. The appellant's explanations for cash deposits were rejected due to lack of substantiation, and failure to provide details from the VAT return raised concerns. The Tribunal affirmed the lower authorities' findings, dismissing the appeal as no substantial question of law was identified, emphasizing the importance of maintaining accurate financial records and transparency in tax assessments. Case-Laws Income Tax Thu, 04 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369416