High Court held that that though the assessee had disclosed source of deposit but could not establish nature thereof. Three conditions required to be proved could not be proved, the addition was affirmed. SLP of assessee is dismissed.
Rupal jain (Mrs) v. CIT (2023) 454 ITR 813 / 294 Taxman 261 (SC) Editorial : Affirmed, Rupal jain (Mrs) v. CIT (2023) 152 taxmann.com 345 (All)(HC)
S. 68 : Cash credits-Bank deposit-Failure to prove the nature of the source-Order of High Court is affirmed-SLP of assessee dismissed. [Art. 136]