The Assessee’s cash deposit was declared as unexplained income and an addition was made. ITAT upholds CIT(A) addition due to a lack of evidence to prove the income sources.
The Nagpur Bench of the Income Tax Appellate Tribunal (ITAT) upheld the order of the Commissioner of Income Tax (Appeals) emphasizing that once the assessee’s income computation is admitted before CIT(A), it cannot be easily contested at the tribunal. Assessee, Satish Kumar Madanlal Gupta, had not filed his income return for the assessment year 2009-10….
Taxscan Premium
Why should you subscribe?
- Enjoy our website without interruptions from advertisements
- Receive Daily newsletters
- Receive realtime Telegram/Whatsapp news updates
- Download original Judgements / Order / Notifications / Circulars, etc
- Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
₹1599 + GST for 1 year
Subscribe Now
Already Subscribed?
Login Now 
