https://www.taxtmi.com/caselaws?id=210341 The High Court of Karnataka upheld the Tribunal's decision regarding cash deposits made by the assessee in State Bank of Mysore and Axis Bank during the assessment year 2006-07. The Court found the explanation provided by the assessee for the deposits, sourced from agricultural income, to be satisfactory based on the evidence. As a result, the Court dismissed the Revenue's appeal, ruling that no substantial question of law arose from the case. en-us Wed, 13 Jul 2011 00:00:00 +0530 Wed, 08 Feb 2012 18:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210341 The High Court of Karnataka upheld the Tribunal's decision regarding cash deposits made by the assessee in State Bank of Mysore and Axis Bank during the assessment year 2006-07. The Court found the explanation provided by the assessee for the deposits, sourced from agricultural income, to be satisfactory based on the evidence. As a result, the Court dismissed the Revenue's appeal, ruling that no substantial question of law arose from the case. Case-Laws Income Tax Wed, 13 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210341