https://www.taxtmi.com/caselaws?id=385864 The Tribunal upheld the penalty under section 271(1)(c) and the addition of Rs. 92,00,000/- as unexplained capital under section 68 for the Assessment Year 2009-10. The Tribunal found the assessee's explanations lacking evidentiary support and failed to prove the source of the deposits. The appeal was dismissed, emphasizing the adequacy of opportunities provided by the Assessing Officer and the insufficiency of the assessee's evidence. en-us Thu, 12 Sep 2019 00:00:00 +0530 Mon, 16 Sep 2019 11:12:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385864 The Tribunal upheld the penalty under section 271(1)(c) and the addition of Rs. 92,00,000/- as unexplained capital under section 68 for the Assessment Year 2009-10. The Tribunal found the assessee's explanations lacking evidentiary support and failed to prove the source of the deposits. The appeal was dismissed, emphasizing the adequacy of opportunities provided by the Assessing Officer and the insufficiency of the assessee's evidence. Case-Laws Income Tax Thu, 12 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385864