https://www.taxtmi.com/caselaws?id=387845 The First Appellate Authority dismissed the appellant's appeal, upholding the addition of Rs. 17,63,065 as income from undisclosed sources due to alleged bogus purchases. The Authority found the appellant's explanations unsatisfactory and emphasized the importance of considering surrounding circumstances and human probabilities in such cases. The decision was based on the lack of genuine supporting evidence and failure to meet the burden of proof, leading to the affirmation of the Assessing Officer's addition to the appellant's total income. en-us Thu, 31 Oct 2019 00:00:00 +0530 Fri, 01 Nov 2019 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387845 The First Appellate Authority dismissed the appellant's appeal, upholding the addition of Rs. 17,63,065 as income from undisclosed sources due to alleged bogus purchases. The Authority found the appellant's explanations unsatisfactory and emphasized the importance of considering surrounding circumstances and human probabilities in such cases. The decision was based on the lack of genuine supporting evidence and failure to meet the burden of proof, leading to the affirmation of the Assessing Officer's addition to the appellant's total income. Case-Laws Income Tax Thu, 31 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387845