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2019 (8) TMI 657 - GUJARAT HIGH COURTAddition u/s 68 - obligation to explain the “Source of the source” - HELD THAT:- ribunal has held that the alleged gift of ₹ 4,00,000/and alleged borrowings of ₹ 1,53,100/from friends and relatives, they see no reasons to deviate from the well reasoned findings of the CIT(A) which have remained uncontroverted and approve the same. However, as regards the claim of ₹ 14,87,543/as accumulated savings and agricultural income, ITAT was of the view that since the assessee was having some agricultural income, an amount of ₹ 5,00,000/can at best be treated as explained. Having gone through the materials on record, more particularly, the findings of fact recorded by the appellate tribunal, we see no good reason to disturb the impugned order. In our view, none of the questions as proposed can be termed as the substantial questions of law.
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