https://www.taxtmi.com/caselaws?id=377652 The Tribunal upheld the validity of the assessment order under section 143(3) r.w.s. 153C, rejecting the assessee's challenge. The addition of unexplained cash credits under section 68 was upheld due to insufficient evidence provided by the assessee to prove the genuineness of the transactions. The treatment of sale proceeds of a lorry as unexplained income was confirmed as the assessee failed to provide evidence supporting his claim. Additionally, the additions of amounts received from Smt. C. Varalakshmi and niece were upheld under section 68, with the Tribunal finding the explanations inadequate. All appeals by the assessee were dismissed, and the orders passed by the CIT(A) were affirmed. en-us Wed, 27 Mar 2019 00:00:00 +0530 Tue, 02 Apr 2019 07:26:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377652 The Tribunal upheld the validity of the assessment order under section 143(3) r.w.s. 153C, rejecting the assessee's challenge. The addition of unexplained cash credits under section 68 was upheld due to insufficient evidence provided by the assessee to prove the genuineness of the transactions. The treatment of sale proceeds of a lorry as unexplained income was confirmed as the assessee failed to provide evidence supporting his claim. Additionally, the additions of amounts received from Smt. C. Varalakshmi and niece were upheld under section 68, with the Tribunal finding the explanations inadequate. All appeals by the assessee were dismissed, and the orders passed by the CIT(A) were affirmed. Case-Laws Income Tax Wed, 27 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377652