https://www.taxtmi.com/caselaws?id=380541 Cash deposits explained as receipts from a husband and son, and as past savings from dairy and livestock activity, were sustained as unexplained because the assessee did not produce credible evidence of source, capacity, or surrounding circumstances. The claimed plot-sale proceeds were not fully supported by the purchaser's statement, and the husband could not explain the balance source; the son's salary and alleged labour income did not substantiate the deposit; and the asserted accumulated savings lacked reliable particulars of accumulation and retention. The ITAT Delhi upheld the additions, finding that the burden to prove the nature and source of the credits had not been discharged. en-us Mon, 20 May 2019 00:00:00 +0530 Thu, 23 May 2019 08:25:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380541 Cash deposits explained as receipts from a husband and son, and as past savings from dairy and livestock activity, were sustained as unexplained because the assessee did not produce credible evidence of source, capacity, or surrounding circumstances. The claimed plot-sale proceeds were not fully supported by the purchaser's statement, and the husband could not explain the balance source; the son's salary and alleged labour income did not substantiate the deposit; and the asserted accumulated savings lacked reliable particulars of accumulation and retention. The ITAT Delhi upheld the additions, finding that the burden to prove the nature and source of the credits had not been discharged. Case-Laws Income Tax Mon, 20 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380541