https://www.taxtmi.com/caselaws?id=432238 The appellate tribunal dismissed the assessee's appeals regarding unexplained deposits in the bank account due to lack of evidence and non-cooperation. The addition of Rs. 17,70,000 under section 68 of the Income Tax Act was upheld as the source of cash deposits remained unexplained. Despite claims of funds from land sale, retirement benefits, and property sales, the assessee failed to provide supporting documentation. The confirmation of penalties under section 271(1)(c) was deemed consequential to the main issue, resulting in the dismissal of both appeals by the tribunal. en-us Tue, 20 Dec 2022 00:00:00 +0530 Sat, 31 Dec 2022 08:45:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432238 The appellate tribunal dismissed the assessee's appeals regarding unexplained deposits in the bank account due to lack of evidence and non-cooperation. The addition of Rs. 17,70,000 under section 68 of the Income Tax Act was upheld as the source of cash deposits remained unexplained. Despite claims of funds from land sale, retirement benefits, and property sales, the assessee failed to provide supporting documentation. The confirmation of penalties under section 271(1)(c) was deemed consequential to the main issue, resulting in the dismissal of both appeals by the tribunal. Case-Laws Income Tax Tue, 20 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432238