https://www.taxtmi.com/caselaws?id=443977 The Tribunal dismissed the appeal, confirming the addition of Rs. 49,00,000/- as unexplained money under Section 69A of the Income-tax Act. The retraction of the earlier statement by the assessee's Managing Partner was deemed not credible, with the Tribunal upholding the addition and rejecting the claim of mental pressure during the initial admission. The jurisdictional issue regarding the CIT(A) was also dismissed as not pressed by the assessee. en-us Wed, 13 Sep 2023 00:00:00 +0530 Fri, 06 Oct 2023 08:18:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443977 The Tribunal dismissed the appeal, confirming the addition of Rs. 49,00,000/- as unexplained money under Section 69A of the Income-tax Act. The retraction of the earlier statement by the assessee's Managing Partner was deemed not credible, with the Tribunal upholding the addition and rejecting the claim of mental pressure during the initial admission. The jurisdictional issue regarding the CIT(A) was also dismissed as not pressed by the assessee. Case-Laws Income Tax Wed, 13 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443977