https://www.taxtmi.com/caselaws?id=435766 The ITAT Delhi upheld the addition of Rs. 52,39,000 as unexplained cash credit to the assessee's income under section 68 of the Income Tax Act, 1961. The Tribunal found the assessee's explanations regarding the source of cash deposits insufficient, noting discrepancies in the sale proceeds claimed from agricultural land. Additionally, the Tribunal dismissed the appeal due to the assessee's lack of cooperation and failure to actively pursue the case, emphasizing the importance of compliance with mandatory conditions under sections 147 to 151 of the Act. en-us Thu, 23 Mar 2023 00:00:00 +0530 Mon, 27 Mar 2023 09:10:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435766 The ITAT Delhi upheld the addition of Rs. 52,39,000 as unexplained cash credit to the assessee's income under section 68 of the Income Tax Act, 1961. The Tribunal found the assessee's explanations regarding the source of cash deposits insufficient, noting discrepancies in the sale proceeds claimed from agricultural land. Additionally, the Tribunal dismissed the appeal due to the assessee's lack of cooperation and failure to actively pursue the case, emphasizing the importance of compliance with mandatory conditions under sections 147 to 151 of the Act. Case-Laws Income Tax Thu, 23 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435766