https://www.taxtmi.com/caselaws?id=416906 The Appellate Tribunal dismissed the appellant's appeal, affirming the addition of the credited amount under section 69 of the Income Tax Act, 1961 for the assessment year 2007-08. The Tribunal found the appellant's explanations regarding the sources of the deposits insufficient, as confirmations were missing, and evidence for opening cash balance and cash withdrawals was not provided. The appeal was dismissed, upholding the ld. CIT(A)'s order to add the credited amount to the appellant's taxable income. en-us Wed, 05 Jan 2022 00:00:00 +0530 Mon, 10 Jan 2022 19:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416906 The Appellate Tribunal dismissed the appellant's appeal, affirming the addition of the credited amount under section 69 of the Income Tax Act, 1961 for the assessment year 2007-08. The Tribunal found the appellant's explanations regarding the sources of the deposits insufficient, as confirmations were missing, and evidence for opening cash balance and cash withdrawals was not provided. The appeal was dismissed, upholding the ld. CIT(A)'s order to add the credited amount to the appellant's taxable income. Case-Laws Income Tax Wed, 05 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416906