https://www.taxtmi.com/caselaws?id=391172 The appeal against the ITAT order sustaining additions made by CIT (A) for AY 2010-11 under Section 260A of the Income Tax Act was dismissed. The appellant's failure to attend assessment proceedings and lack of evidence to substantiate business transactions resulted in the additions to the assessed income being upheld. The ITAT rejected the appellant's arguments regarding the nature and source of cash deposits, emphasizing the importance of providing credible evidence during assessment proceedings. The appeal was ultimately dismissed without costs, underscoring the significance of substantiated claims in tax disputes. en-us Tue, 14 Jan 2020 00:00:00 +0530 Tue, 21 Jan 2020 08:17:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391172 The appeal against the ITAT order sustaining additions made by CIT (A) for AY 2010-11 under Section 260A of the Income Tax Act was dismissed. The appellant's failure to attend assessment proceedings and lack of evidence to substantiate business transactions resulted in the additions to the assessed income being upheld. The ITAT rejected the appellant's arguments regarding the nature and source of cash deposits, emphasizing the importance of providing credible evidence during assessment proceedings. The appeal was ultimately dismissed without costs, underscoring the significance of substantiated claims in tax disputes. Case-Laws Income Tax Tue, 14 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391172