https://www.taxtmi.com/caselaws?id=418899 The High Court of Madras dismissed the appellant's tax case appeal challenging the Income Tax Appellate Tribunal's decision. The Tribunal had upheld the addition of cash deposits totaling &8377; 46,50,000, &8377; 12,50,000, and &8377; 6,00,000 for the assessment year 2009-10 due to lack of satisfactory explanations and evidence provided by the appellant. Additionally, the appellant's claim for exemption under section 54F of the Income Tax Act was denied as the appellant's wife had already claimed exemption for the same property. The court upheld the Tribunal's decision, emphasizing that interference was unwarranted unless the findings were shown to be perverse or wrong. en-us Mon, 14 Feb 2022 00:00:00 +0530 Sat, 26 Feb 2022 06:00:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418899 The High Court of Madras dismissed the appellant's tax case appeal challenging the Income Tax Appellate Tribunal's decision. The Tribunal had upheld the addition of cash deposits totaling &8377; 46,50,000, &8377; 12,50,000, and &8377; 6,00,000 for the assessment year 2009-10 due to lack of satisfactory explanations and evidence provided by the appellant. Additionally, the appellant's claim for exemption under section 54F of the Income Tax Act was denied as the appellant's wife had already claimed exemption for the same property. The court upheld the Tribunal's decision, emphasizing that interference was unwarranted unless the findings were shown to be perverse or wrong. Case-Laws Income Tax Mon, 14 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418899