https://www.taxtmi.com/caselaws?id=408522 The Tribunal partially allowed the appeal, modifying the CIT(A)'s order and directing the AO to restrict the addition to Rs. 1,50,000. The Tribunal emphasized the need for credible evidence to substantiate claims of cash deposits and the proper application of section 44AF for presumptive taxation. en-us Thu, 10 Jun 2021 00:00:00 +0530 Mon, 14 Jun 2021 09:08:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408522 The Tribunal partially allowed the appeal, modifying the CIT(A)'s order and directing the AO to restrict the addition to Rs. 1,50,000. The Tribunal emphasized the need for credible evidence to substantiate claims of cash deposits and the proper application of section 44AF for presumptive taxation. Case-Laws Income Tax Thu, 10 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408522