https://www.taxtmi.com/caselaws?id=402342 The Tribunal upheld the addition of unexplained cash deposits in the hands of the assessee for A.Y. 2014-15. The assessee failed to provide sufficient evidence to prove the source of the cash deposits, despite submitting indemnity bonds claiming agricultural receipts. The Tribunal agreed with the lower authorities that the onus was on the assessee to establish the source of the cash, which was not adequately done. Therefore, the addition of the cash deposits as unexplained income was upheld, and the appeal was dismissed. en-us Wed, 28 Oct 2020 00:00:00 +0530 Wed, 30 Dec 2020 11:32:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402342 The Tribunal upheld the addition of unexplained cash deposits in the hands of the assessee for A.Y. 2014-15. The assessee failed to provide sufficient evidence to prove the source of the cash deposits, despite submitting indemnity bonds claiming agricultural receipts. The Tribunal agreed with the lower authorities that the onus was on the assessee to establish the source of the cash, which was not adequately done. Therefore, the addition of the cash deposits as unexplained income was upheld, and the appeal was dismissed. Case-Laws Income Tax Wed, 28 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402342