https://www.taxtmi.com/highlights?id=52746 Addition u/s 68 - Unexplained source of the bank deposits - it was incumbent upon the assessee to cogently rebut that assessee has not received any sums abroad for services rendered in India which could have been transferred from abroad in his Indian account through these concerns. The sole reliance upon the FIRC which is only a certificate of remittance from abroad in absence of the overwhelming surrounding circumstances by the learned CIT appeals not at all sustainable. en-us Fri, 03 Apr 2020 13:06:31 +0530 Fri, 03 Apr 2020 13:06:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=52746 Addition u/s 68 - Unexplained source of the bank deposits - it was incumbent upon the assessee to cogently rebut that assessee has not received any sums abroad for services rendered in India which could have been transferred from abroad in his Indian account through these concerns. The sole reliance upon the FIRC which is only a certificate of remittance from abroad in absence of the overwhelming surrounding circumstances by the learned CIT appeals not at all sustainable. Highlights Income Tax Fri, 03 Apr 2020 13:06:31 +0530 https://www.taxtmi.com/highlights?id=52746