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2019 (9) TMI 1238 - HC - Income TaxAddition u/s 68 - unsecured cash credit - tribunal upholding the action of the authorities in invoking Section 68 - HELD THAT:- The appeal has to fail. The Tribunal noticed that it was very strange that the appellant would keep his entire savings in cash. We further find it strange that if on 16.5.2013, the appellant decided to change his method of saving and put his money in the bank, why he did not put the entire savings in the bank and why he retained a sum of ₹ 2,40,000/- with him in cash. Chiman Lal is admittedly not an income tax assessee, thereby strengthening the view that not only he is not a rich man but he is barely able to make the ends meet. - Decided against assessee.
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