https://www.taxtmi.com/caselaws?id=297303 The Tribunal upheld the addition of Rs. 7,28,400 to the assessee's income for the assessment year 2009-10. Despite the assessee's explanations and supporting affidavits, the Tribunal found the lack of concrete evidence regarding the source of cash deposits totaling Rs. 17,75,600 in the bank account. The Tribunal emphasized the continuous bank deposits without adequate substantiation, dismissing the appeal due to the failure to address the discrepancy in funds. The Tribunal concluded that the assessee's contentions lacked merit, leading to the addition under section 69A of the Income Tax Act. en-us Tue, 06 Jun 2017 00:00:00 +0530 Thu, 26 Aug 2021 21:35:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297303 The Tribunal upheld the addition of Rs. 7,28,400 to the assessee's income for the assessment year 2009-10. Despite the assessee's explanations and supporting affidavits, the Tribunal found the lack of concrete evidence regarding the source of cash deposits totaling Rs. 17,75,600 in the bank account. The Tribunal emphasized the continuous bank deposits without adequate substantiation, dismissing the appeal due to the failure to address the discrepancy in funds. The Tribunal concluded that the assessee's contentions lacked merit, leading to the addition under section 69A of the Income Tax Act. Case-Laws Income Tax Tue, 06 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297303