https://www.taxtmi.com/caselaws?id=205175 The Tribunal determined that the assessee was a 'Resident' for the relevant assessment year, upholding the Assessing Officer's order. Regarding the taxability of unexplained deposits under section 68 of the Income Tax Act, the Tribunal found in favor of the assessee, concluding that the deposits were adequately explained and overturning the Assessing Officer's decision. The Tribunal's thorough review of evidence resulted in decisions favoring the Revenue on the residential status issue and the assessee on the taxability of unexplained deposits issue. en-us Wed, 14 Jul 2010 00:00:00 +0530 Wed, 08 Aug 2012 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205175 The Tribunal determined that the assessee was a 'Resident' for the relevant assessment year, upholding the Assessing Officer's order. Regarding the taxability of unexplained deposits under section 68 of the Income Tax Act, the Tribunal found in favor of the assessee, concluding that the deposits were adequately explained and overturning the Assessing Officer's decision. The Tribunal's thorough review of evidence resulted in decisions favoring the Revenue on the residential status issue and the assessee on the taxability of unexplained deposits issue. Case-Laws Income Tax Wed, 14 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205175