https://www.taxtmi.com/caselaws?id=418072 The tribunal dismissed the appeal against the Commissioner of Income Tax [Appeals]'s order for Assessment Year 2013-14. The assessing officer's decision to treat cash deposits as unexplained credits under section 68 was upheld due to insufficient evidence of business activities and the invalidity of the revised return submitted by the assessee. The tribunal found the reliance on judicial decisions to be misplaced and concluded that without proper evidence, the original assessment order was legal and maintainable. The appeal was dismissed, affirming the assessing officer's findings. en-us Wed, 19 Jan 2022 00:00:00 +0530 Tue, 08 Feb 2022 06:54:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418072 The tribunal dismissed the appeal against the Commissioner of Income Tax [Appeals]'s order for Assessment Year 2013-14. The assessing officer's decision to treat cash deposits as unexplained credits under section 68 was upheld due to insufficient evidence of business activities and the invalidity of the revised return submitted by the assessee. The tribunal found the reliance on judicial decisions to be misplaced and concluded that without proper evidence, the original assessment order was legal and maintainable. The appeal was dismissed, affirming the assessing officer's findings. Case-Laws Income Tax Wed, 19 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418072