https://www.taxtmi.com/caselaws?id=444806 The Tribunal upheld the decision of the Ld.CIT(A) concerning the addition of cash deposits, finding that the assessee failed to substantiate claims with adequate evidence. The Tribunal emphasized the necessity for the assessee to provide proof of the sources of cash deposits, which were claimed to be from aqua culture, agriculture, and land sale. Due to insufficient evidence, the Tribunal dismissed the appeal, maintaining the reassessment and addition under section 68 of the Income Tax Act, 1961, for the Assessment Year 2013-14. The appeal was dismissed on 18th October 2023. en-us Wed, 18 Oct 2023 00:00:00 +0530 Mon, 23 Oct 2023 08:46:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444806 The Tribunal upheld the decision of the Ld.CIT(A) concerning the addition of cash deposits, finding that the assessee failed to substantiate claims with adequate evidence. The Tribunal emphasized the necessity for the assessee to provide proof of the sources of cash deposits, which were claimed to be from aqua culture, agriculture, and land sale. Due to insufficient evidence, the Tribunal dismissed the appeal, maintaining the reassessment and addition under section 68 of the Income Tax Act, 1961, for the Assessment Year 2013-14. The appeal was dismissed on 18th October 2023. Case-Laws Income Tax Wed, 18 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444806