https://www.taxtmi.com/caselaws?id=433326 The Tribunal upheld the Commissioner's decision and dismissed the appeal filed by the assessee, emphasizing the lack of evidence to challenge the addition made under section 68 of the Income Tax Act. The assessee failed to provide substantial evidence to justify the discrepancies in income declarations, leading to the rejection of their contentions. Despite multiple opportunities, the assessee could not refute the authorities' findings, resulting in the Tribunal affirming the lower authorities' treatment of unexplained cash credits as income. en-us Thu, 22 Dec 2022 00:00:00 +0530 Fri, 27 Jan 2023 08:33:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433326 The Tribunal upheld the Commissioner's decision and dismissed the appeal filed by the assessee, emphasizing the lack of evidence to challenge the addition made under section 68 of the Income Tax Act. The assessee failed to provide substantial evidence to justify the discrepancies in income declarations, leading to the rejection of their contentions. Despite multiple opportunities, the assessee could not refute the authorities' findings, resulting in the Tribunal affirming the lower authorities' treatment of unexplained cash credits as income. Case-Laws Income Tax Thu, 22 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433326