https://www.taxtmi.com/caselaws?id=34657 The appeal under the Income-tax Act, 1961 for the assessment year 1998-99 was dismissed by the Court. The Tribunal upheld the reassessment treating a cash deposit in the appellant's bank account as undisclosed income, as the appellant failed to explain the source of the deposit. Key witnesses were not produced, and explanations were rejected. The Court found no substantial question of law, emphasizing the necessity of providing adequate evidence and explanations in tax proceedings to support claims and prevent adverse findings by tax authorities. en-us Fri, 12 Dec 2008 00:00:00 +0530 Tue, 06 Oct 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34657 The appeal under the Income-tax Act, 1961 for the assessment year 1998-99 was dismissed by the Court. The Tribunal upheld the reassessment treating a cash deposit in the appellant's bank account as undisclosed income, as the appellant failed to explain the source of the deposit. Key witnesses were not produced, and explanations were rejected. The Court found no substantial question of law, emphasizing the necessity of providing adequate evidence and explanations in tax proceedings to support claims and prevent adverse findings by tax authorities. Case-Laws Income Tax Fri, 12 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34657