https://www.taxtmi.com/caselaws?id=391171 The High Court upheld the assessment orders, dismissing the appeals and affirming the AO's decision to treat a significant portion of cash deposits as unexplained income. The Court found the assessee's explanations regarding agricultural income, real estate, and petrol bunk income lacking in evidence. Emphasizing the AO's discretion under Section 69, the Court concluded that the assessee failed to substantiate his claims, leading to the rejection of the appeals. en-us Wed, 08 Jan 2020 00:00:00 +0530 Mon, 20 Jan 2020 18:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391171 The High Court upheld the assessment orders, dismissing the appeals and affirming the AO's decision to treat a significant portion of cash deposits as unexplained income. The Court found the assessee's explanations regarding agricultural income, real estate, and petrol bunk income lacking in evidence. Emphasizing the AO's discretion under Section 69, the Court concluded that the assessee failed to substantiate his claims, leading to the rejection of the appeals. Case-Laws Income Tax Wed, 08 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391171