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    <title>2018 (11) TMI 506 - ITAT KOLKATA</title>
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    <description>The Tribunal upheld the additions of Rs. 3,06,150/- and Rs. 18,11,765/- in the assessee&#039;s HDFC Bank and Kotak Mahindra Bank accounts, respectively. The Tribunal found the explanations provided by the assessee for the deposits lacking in credibility and evidence. The judgment emphasized the importance of substantiating claims with proper documentation and providing credible explanations for cash deposits in bank accounts.</description>
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      <link>https://www.taxtmi.com/caselaws?id=370163</link>
      <description>The Tribunal upheld the additions of Rs. 3,06,150/- and Rs. 18,11,765/- in the assessee&#039;s HDFC Bank and Kotak Mahindra Bank accounts, respectively. The Tribunal found the explanations provided by the assessee for the deposits lacking in credibility and evidence. The judgment emphasized the importance of substantiating claims with proper documentation and providing credible explanations for cash deposits in bank accounts.</description>
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