https://www.taxtmi.com/caselaws?id=406335 The tribunal upheld the additions made by the Assessing Officer (AO) under Section 44AD of the Income Tax Act, amounting to Rs. 5,51,512 and Rs. 9,01,350, as income from undisclosed business turnover. The tribunal dismissed the appeal, finding that the assessee failed to adequately prove the source of cash and cheque deposits and that the AO did not exceed the scope of limited scrutiny. The tribunal emphasized the necessity for the assessee to provide concrete evidence to support their claims, resulting in the confirmation of the additions by the lower authorities. en-us Wed, 07 Apr 2021 00:00:00 +0530 Mon, 12 Apr 2021 08:15:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406335 The tribunal upheld the additions made by the Assessing Officer (AO) under Section 44AD of the Income Tax Act, amounting to Rs. 5,51,512 and Rs. 9,01,350, as income from undisclosed business turnover. The tribunal dismissed the appeal, finding that the assessee failed to adequately prove the source of cash and cheque deposits and that the AO did not exceed the scope of limited scrutiny. The tribunal emphasized the necessity for the assessee to provide concrete evidence to support their claims, resulting in the confirmation of the additions by the lower authorities. Case-Laws Income Tax Wed, 07 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406335