https://www.taxtmi.com/caselaws?id=370240 The appeal filed by the assessee was partly allowed. The addition of Rs. 10,33,563/- as undisclosed income was confirmed due to lack of verifiable evidence linking cash deposits to business transactions. However, the addition of Rs. 4,31,450/- as undisclosed income was deleted, supported by documents proving the amount was a gift from the father. The ground challenging the estimation of net profit rate was dismissed as not pressed during the hearing. The judgment was pronounced on 01/10/2018. en-us Mon, 01 Oct 2018 00:00:00 +0530 Tue, 13 Nov 2018 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370240 The appeal filed by the assessee was partly allowed. The addition of Rs. 10,33,563/- as undisclosed income was confirmed due to lack of verifiable evidence linking cash deposits to business transactions. However, the addition of Rs. 4,31,450/- as undisclosed income was deleted, supported by documents proving the amount was a gift from the father. The ground challenging the estimation of net profit rate was dismissed as not pressed during the hearing. The judgment was pronounced on 01/10/2018. Case-Laws Income Tax Mon, 01 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370240