SREEPATHY TRUST,THRISSUR vs. COMMISSIONER OF INCOME TAX CIRLE 1(1) , THRISSUR

In the result, both the captioned appeals are dismissed

Bench: Shri Inturi Rama Rao & Shri Sonjoy Sarma

unexplained cash credit. The reassessed total income was computed at ₹3,40,53,543. 3. Aggrieved by the assessment order, the assessee preferred an appeal before the CIT(A). However, the CIT(A), after examining the matter, upheld the order of the AO. It was observed that while the assessee had provided certain lists of depositors or creditors, it failed