https://www.taxtmi.com/caselaws?id=63099 The ITAT upheld the AAC's decisions in a tax assessment case, dismissing the Departmental appeal. The first issue involved the deletion of assessed income from undisclosed sources, with the ITAT supporting the AAC's decision based on satisfactory explanations regarding cash deposits. The second issue concerned the addition to trading results, which was deleted by the AAC due to lack of evidence and justifications from the ITO. The ITAT emphasized the importance of substantiated evidence in tax assessments and upheld the AAC's decisions on both issues. en-us Fri, 29 Feb 1980 00:00:00 +0530 Thu, 27 Jan 2011 17:58:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63099 The ITAT upheld the AAC's decisions in a tax assessment case, dismissing the Departmental appeal. The first issue involved the deletion of assessed income from undisclosed sources, with the ITAT supporting the AAC's decision based on satisfactory explanations regarding cash deposits. The second issue concerned the addition to trading results, which was deleted by the AAC due to lack of evidence and justifications from the ITO. The ITAT emphasized the importance of substantiated evidence in tax assessments and upheld the AAC's decisions on both issues. Case-Laws Income Tax Fri, 29 Feb 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63099