https://www.taxtmi.com/caselaws?id=430304 Cash deposits in the bank account were treated as undisclosed income because the assessee failed to substantiate the claimed sources with adequate supporting material. The explanation based on withdrawal of unsecured loan and remuneration-related receipts was not backed by ledger details, interest particulars, TDS particulars, or convincing documentary evidence linking those receipts to the deposits. As the explanation remained unproved before both the Assessing Officer and the appellate authority, the addition was upheld and the challenge failed. en-us Fri, 11 Nov 2022 00:00:00 +0530 Wed, 16 Nov 2022 08:59:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430304 Cash deposits in the bank account were treated as undisclosed income because the assessee failed to substantiate the claimed sources with adequate supporting material. The explanation based on withdrawal of unsecured loan and remuneration-related receipts was not backed by ledger details, interest particulars, TDS particulars, or convincing documentary evidence linking those receipts to the deposits. As the explanation remained unproved before both the Assessing Officer and the appellate authority, the addition was upheld and the challenge failed. Case-Laws Income Tax Fri, 11 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430304