Delhi HC Upholds Tax Addition under section 68 for Unexplained Cash

Ravinder Kumar Vs ITO (Delhi High Court) Delhi High Court has dismissed an appeal filed by Ravinder Kumar, an assessee, thereby upholding the additions made to his income by the tax authorities. The case, originating from the assessment year 2010-11, revolved around unexplained cash deposits totaling INR 15,86,000 in Kumar’s bank account, which he claimed were proceeds from a Kirana (general store) business. The High Court’s decision underscores the necessity for taxpayers to substantiate their claims with concrete evidence, particularly when faced with inquiries regarding the sour...