https://www.taxtmi.com/caselaws?id=432781 The ITAT Hyderabad partially allowed the appeal, acknowledging the source of cash deposits to the extent of the turnover declared under section 44AD, while sustaining the remaining unexplained amount under section 69A. The disallowance of deductions under sections 80C and 80DDB was confirmed due to insufficient evidence. The decision emphasized the necessity for proper substantiation and documentation to support income and deduction claims. The 61-day delay in filing the appeal was condoned. The ITAT's judgment underscored the importance of providing adequate evidence for substantiating claims, resulting in a partial relief for the assessee but maintaining significant disallowances. en-us Wed, 11 Jan 2023 00:00:00 +0530 Fri, 20 Dec 2024 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432781 The ITAT Hyderabad partially allowed the appeal, acknowledging the source of cash deposits to the extent of the turnover declared under section 44AD, while sustaining the remaining unexplained amount under section 69A. The disallowance of deductions under sections 80C and 80DDB was confirmed due to insufficient evidence. The decision emphasized the necessity for proper substantiation and documentation to support income and deduction claims. The 61-day delay in filing the appeal was condoned. The ITAT's judgment underscored the importance of providing adequate evidence for substantiating claims, resulting in a partial relief for the assessee but maintaining significant disallowances. Case-Laws Income Tax Wed, 11 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432781