https://www.taxtmi.com/caselaws?id=210705 The High Court upheld the decision of the Tribunal and CIT (A) that the deposits in the bank account were related to the Hindu Undivided Family (HUF) of the assessee and not his individual income. The Court found no illegality in the lower authorities' findings and dismissed the appeal, stating that re-evaluating evidence to reach a different conclusion was not permissible under Section 260A of the Income Tax Act. Consequently, the addition of Rs. 37,25,491 to the assessee's income was deleted, affirming that the transactions pertained to the HUF's income. en-us Tue, 30 Aug 2011 00:00:00 +0530 Mon, 20 Feb 2012 08:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210705 The High Court upheld the decision of the Tribunal and CIT (A) that the deposits in the bank account were related to the Hindu Undivided Family (HUF) of the assessee and not his individual income. The Court found no illegality in the lower authorities' findings and dismissed the appeal, stating that re-evaluating evidence to reach a different conclusion was not permissible under Section 260A of the Income Tax Act. Consequently, the addition of Rs. 37,25,491 to the assessee's income was deleted, affirming that the transactions pertained to the HUF's income. Case-Laws Income Tax Tue, 30 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210705