Dismissing the appeal of the assessee the Court held that; source of cash deposit was not explained satisfactorily. Accordingly the addition was held to be justified . ( AY.2009-10)
Ravi Mallick, prop. of Sunkraft designs v. DCIT (2018) 404 ITR 250 (P&H) (HC)
S. 68:Cash credits — Source of cash deposit was not explained satisfactorily-Addition was held to be justified .