https://www.taxtmi.com/caselaws?id=36254 The court held that the assessment completed on September 3, 1968, was valid under section 139(4) of the Income Tax Act, 1961, and within the prescribed time under section 153. Additionally, the Tribunal's decision to confirm the addition of Rs. 46,000 as cash deposits was deemed correct, as the assessee failed to prove the genuineness of the loans and the nature of the cash deposits. No costs were awarded in this case. en-us Thu, 10 Aug 1978 00:00:00 +0530 Sat, 20 Mar 2010 12:43:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36254 The court held that the assessment completed on September 3, 1968, was valid under section 139(4) of the Income Tax Act, 1961, and within the prescribed time under section 153. Additionally, the Tribunal's decision to confirm the addition of Rs. 46,000 as cash deposits was deemed correct, as the assessee failed to prove the genuineness of the loans and the nature of the cash deposits. No costs were awarded in this case. Case-Laws Income Tax Thu, 10 Aug 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36254