Nature and source of cash deposits in bank not substantiated hence addition confirmed: Chhattisgarh HC

Dinesh Singh Chouhan Vs ITO (Chhattisgarh High Court) Chhattisgarh High Court held that addition u/s. 68 r.w.s. 69A of the Income Tax Act towards unexplained income sustained since assessee failed to substantiate the nature and source of cash deposits in bank. Facts- The appellant herein / assessee was served with a notice u/s. 148 of the IT Act by registered post and thereafter, his case was selected for scrutiny and notice u/s. 142(1) of the IT Act was also served to him fixing the date of hearing as 12-6-20 15 which he did not respond leading to extending of last opportunity by again issuin...