https://www.taxtmi.com/caselaws?id=371521 The Court dismissed the appeal, upholding the Tribunal's decision to treat the amounts as cash credit under Section 68 of the Income Tax Act. The judgment emphasized the importance of providing satisfactory explanations for credited sums and highlighted the need for concrete evidence to support claims regarding the nature and source of income. The parties were directed to bear their respective costs, concluding the legal proceedings in the matter. en-us Tue, 18 Sep 2018 00:00:00 +0530 Wed, 05 Dec 2018 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371521 The Court dismissed the appeal, upholding the Tribunal's decision to treat the amounts as cash credit under Section 68 of the Income Tax Act. The judgment emphasized the importance of providing satisfactory explanations for credited sums and highlighted the need for concrete evidence to support claims regarding the nature and source of income. The parties were directed to bear their respective costs, concluding the legal proceedings in the matter. Case-Laws Income Tax Tue, 18 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371521