https://www.taxtmi.com/caselaws?id=370973 The ITAT dismissed the appeal, upholding the decision to treat the redeposited amount of Rs. 4,55,000 as unexplained cash credits due to insufficient evidence and lack of clarity regarding the purpose of withdrawal and redeposit. The ITAT found no reason to interfere with the CIT(A)'s order, emphasizing the subsequent large withdrawal made by the assessee and the absence of supporting documentation for the redeposited amount. en-us Fri, 10 Aug 2018 00:00:00 +0530 Tue, 27 Nov 2018 06:39:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370973 The ITAT dismissed the appeal, upholding the decision to treat the redeposited amount of Rs. 4,55,000 as unexplained cash credits due to insufficient evidence and lack of clarity regarding the purpose of withdrawal and redeposit. The ITAT found no reason to interfere with the CIT(A)'s order, emphasizing the subsequent large withdrawal made by the assessee and the absence of supporting documentation for the redeposited amount. Case-Laws Income Tax Fri, 10 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370973