https://www.taxtmi.com/caselaws?id=121229 The Tribunal remanded the issue of unexplained cash deposits to the Assessing Officer (AO) for fresh examination due to procedural violations by the CIT(A). The Tribunal also reversed the CIT(A)'s decision on the classification of income from letting out shops/stalls, determining it should be assessed as 'Income from House Property.' However, the Tribunal upheld the CIT(A)'s decision regarding the treatment of deposits received from sub-lessees as refundable and not income. The case highlights the significance of procedural compliance and substantive evidence in tax assessments. en-us Thu, 10 Sep 2009 00:00:00 +0530 Fri, 27 Jul 2012 15:57:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121229 The Tribunal remanded the issue of unexplained cash deposits to the Assessing Officer (AO) for fresh examination due to procedural violations by the CIT(A). The Tribunal also reversed the CIT(A)'s decision on the classification of income from letting out shops/stalls, determining it should be assessed as 'Income from House Property.' However, the Tribunal upheld the CIT(A)'s decision regarding the treatment of deposits received from sub-lessees as refundable and not income. The case highlights the significance of procedural compliance and substantive evidence in tax assessments. Case-Laws Income Tax Thu, 10 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121229