https://www.taxtmi.com/caselaws?id=435648 The Tribunal upheld the additions made by the Assessing Officer and Commissioner of Income Tax (Appeals) regarding unexplained cash deposits and money credits. The appellant failed to provide satisfactory explanations and evidence for gifts received from relatives, leading to the dismissal of the appeal. The Tribunal clarified the principles governing assessments under different sections of the Income Tax Act, emphasizing the burden on the assessee to substantiate sources of income. The appellant's arguments regarding the applicability of a specific legal judgment were rejected, resulting in the dismissal of their appeal. en-us Tue, 07 Mar 2023 00:00:00 +0530 Fri, 24 Mar 2023 09:39:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435648 The Tribunal upheld the additions made by the Assessing Officer and Commissioner of Income Tax (Appeals) regarding unexplained cash deposits and money credits. The appellant failed to provide satisfactory explanations and evidence for gifts received from relatives, leading to the dismissal of the appeal. The Tribunal clarified the principles governing assessments under different sections of the Income Tax Act, emphasizing the burden on the assessee to substantiate sources of income. The appellant's arguments regarding the applicability of a specific legal judgment were rejected, resulting in the dismissal of their appeal. Case-Laws Income Tax Tue, 07 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435648