https://www.taxtmi.com/caselaws?id=386495 The Tribunal dismissed the appeal challenging the addition of income from unexplained sources under section 68 of the I.T. Act, 1961 for A.Y. 2010-2011. The assessee failed to provide evidence to substantiate cash deposits in the bank account, leading to the reassessment and subsequent confirmation of the addition by the lower authorities. Despite claiming the deposits were from sales through a store, the assessee could not produce supporting documentation. The Tribunal upheld the decisions, citing the lack of evidence and justification to interfere with lower authorities' findings. en-us Mon, 02 Sep 2019 00:00:00 +0530 Mon, 30 Sep 2019 09:51:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386495 The Tribunal dismissed the appeal challenging the addition of income from unexplained sources under section 68 of the I.T. Act, 1961 for A.Y. 2010-2011. The assessee failed to provide evidence to substantiate cash deposits in the bank account, leading to the reassessment and subsequent confirmation of the addition by the lower authorities. Despite claiming the deposits were from sales through a store, the assessee could not produce supporting documentation. The Tribunal upheld the decisions, citing the lack of evidence and justification to interfere with lower authorities' findings. Case-Laws Income Tax Mon, 02 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386495