Dismissing the appeal of the assessee the Court held that, the explanation regarding the source of income being not satisfactory Tribunal is justified in confirming the addition as cash credits. (AY. 2012-13)
Shree Krishana Kripa Feeds. v. CIT (2019) 410 ITR 533/ 260 Taxman 337/ 307 CTR 220/ 175 DTR 18 (P&H)(HC)
S. 68 : Cash credits—Unsecured loans-Explanation was not satisfactory – Addition is held to be justified.