Assessee Fails to Prove Source of Bank Credits; CIT(A) Rejects Explanations on Taxable Income from ICICI Account.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Taxability of the credits appearing in the bank account of the assessee with ICICI Bank - before the ld. CIT(A) no confirmations from the parties from whom advance was received was filed and similarly the proof as to the existence of opening cash balance as well as cash withdrawn from bank was not filed - CIT(A) was justified in rejecting the explanation offered in support of the credits appearing in the bank account of the assessee - AT....