https://www.taxtmi.com/caselaws?id=449064 ITAT Delhi dismissed the assessee's appeal regarding best judgement assessment under section 144 for unexplained income from cash deposits. CIT(A) had partially sustained the addition, denying benefit of opening cash balance to the assessee. ITAT upheld CIT(A)'s findings, noting absence of evidence to rebut the lower authority's observations. The tribunal found no good reason to interfere with CIT(A)'s decision and sustained the order rejecting all grounds raised by the assessee. en-us Thu, 14 Dec 2023 00:00:00 +0530 Mon, 05 Feb 2024 08:44:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449064 ITAT Delhi dismissed the assessee's appeal regarding best judgement assessment under section 144 for unexplained income from cash deposits. CIT(A) had partially sustained the addition, denying benefit of opening cash balance to the assessee. ITAT upheld CIT(A)'s findings, noting absence of evidence to rebut the lower authority's observations. The tribunal found no good reason to interfere with CIT(A)'s decision and sustained the order rejecting all grounds raised by the assessee. Case-Laws Income Tax Thu, 14 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449064