https://www.taxtmi.com/caselaws?id=426058 The Tribunal dismissed the appeal, upholding the addition of Rs. 64,62,054/- under Section 68 of the Income-tax Act, 1961. The decision was based on the assessee's failure to provide evidence and explanations regarding fresh deposits, as required by Section 68. The Tribunal found that the CIT(A) acted within the scope of directions and confirmed the addition, emphasizing the lack of compliance by the assessee throughout the proceedings. en-us Wed, 03 Aug 2022 00:00:00 +0530 Fri, 05 Aug 2022 21:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426058 The Tribunal dismissed the appeal, upholding the addition of Rs. 64,62,054/- under Section 68 of the Income-tax Act, 1961. The decision was based on the assessee's failure to provide evidence and explanations regarding fresh deposits, as required by Section 68. The Tribunal found that the CIT(A) acted within the scope of directions and confirmed the addition, emphasizing the lack of compliance by the assessee throughout the proceedings. Case-Laws Income Tax Wed, 03 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426058