Supreme Court of India · 2020-04-24
BASIR AHMED SISODIA vs THE INCOME TAX OFFICER
- Citation / case number
- SC 2009/3706
- Court
- Supreme Court of India
- Petitioner
- BASIR AHMED SISODIA
- Respondent
- THE INCOME TAX OFFICER
- Author
- HON'BLE MR. JUSTICE A.M. KHANWILKAR
- Bench
- HON'BLE MR. JUSTICE DINESH MAHESHWARI HON'BLE MR. JUSTICE A.M. KHANWILKAR
Judgment text excerpt
The Supreme Court upheld the decision of the High Court and the Income Tax Appellate Tribunal regarding the addition of cash credits under Section 68 of the Income Tax Act, 1961. The court found that the Assessing Officer had appropriately treated the amount of Rs. 2,26,000 as cash credits due to insufficient explanation from the assessee regarding the source of these credits. Consequently, the appeal was dismissed, affirming the lower courts' rulings.