https://www.taxtmi.com/caselaws?id=406593 The Tribunal upheld the addition of cash deposits in the bank account as undisclosed income for the assessment year 2009-10. Despite explanations provided by the assessee linking the deposits to a loan and business transactions, the Assessing Officer and ld. CIT(A) found them inadequate. The Tribunal noted the lack of cooperation and evidence from the assessee, leading to the dismissal of the appeal and imposition of a cost of Rs. 25,000. The total credit in the bank account was treated as unaccounted income, with the interest income addition being deleted based on the assessee's admission of error. en-us Tue, 09 Feb 2021 00:00:00 +0530 Mon, 19 Apr 2021 20:32:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406593 The Tribunal upheld the addition of cash deposits in the bank account as undisclosed income for the assessment year 2009-10. Despite explanations provided by the assessee linking the deposits to a loan and business transactions, the Assessing Officer and ld. CIT(A) found them inadequate. The Tribunal noted the lack of cooperation and evidence from the assessee, leading to the dismissal of the appeal and imposition of a cost of Rs. 25,000. The total credit in the bank account was treated as unaccounted income, with the interest income addition being deleted based on the assessee's admission of error. Case-Laws Income Tax Tue, 09 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406593