https://www.taxtmi.com/caselaws?id=391203 The tribunal upheld the CIT(A)'s decision, confirming the addition of Rs. 9,63,950/- as income from unexplained sources under Section 68 of the Income Tax Act. The tribunal found the transaction involving the sale of shares to be a colorable device to evade tax, as the assessee failed to provide credible evidence of the transaction's genuineness. The appeal was dismissed, and the order was pronounced on 17.01.2020. en-us Fri, 17 Jan 2020 00:00:00 +0530 Tue, 21 Jan 2020 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391203 The tribunal upheld the CIT(A)'s decision, confirming the addition of Rs. 9,63,950/- as income from unexplained sources under Section 68 of the Income Tax Act. The tribunal found the transaction involving the sale of shares to be a colorable device to evade tax, as the assessee failed to provide credible evidence of the transaction's genuineness. The appeal was dismissed, and the order was pronounced on 17.01.2020. Case-Laws Income Tax Fri, 17 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391203