https://www.taxtmi.com/caselaws?id=311866 The Tribunal dismissed the appeal, upholding the CIT(A)'s confirmation of the addition made by the AO under section 68 of the Act for the assessment year 2007-08, amounting to Rs. 2,002,801. The Tribunal found the explanation regarding the source of funds as sale proceeds of land implausible, particularly questioning the cash movement from Meghalaya to Delhi. The assessee's argument about the source was not accepted due to inconsistencies and lack of credible documentation, leading to the confirmation of the addition. The judgment was delivered by SH. N. K. Billaiya and SH. Yogesh Kumar US. en-us Wed, 16 Aug 2023 00:00:00 +0530 Fri, 20 Feb 2026 17:21:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311866 The Tribunal dismissed the appeal, upholding the CIT(A)'s confirmation of the addition made by the AO under section 68 of the Act for the assessment year 2007-08, amounting to Rs. 2,002,801. The Tribunal found the explanation regarding the source of funds as sale proceeds of land implausible, particularly questioning the cash movement from Meghalaya to Delhi. The assessee's argument about the source was not accepted due to inconsistencies and lack of credible documentation, leading to the confirmation of the addition. The judgment was delivered by SH. N. K. Billaiya and SH. Yogesh Kumar US. Case-Laws Income Tax Wed, 16 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311866