https://www.taxtmi.com/caselaws?id=219432 The Tribunal allowed the appeal, ruling in favor of the appellant. It found that the cash redeposit in the bank account was adequately explained as being withdrawn during recovery proceedings against a sick company and redeposited after settlement. The Tribunal considered the genuine fear of attachment of the account and compared the case to legal precedent, concluding that the explanation provided was sufficient to delete the addition of undisclosed income made by the authorities. en-us Wed, 25 Jul 2012 00:00:00 +0530 Fri, 14 Dec 2012 20:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219432 The Tribunal allowed the appeal, ruling in favor of the appellant. It found that the cash redeposit in the bank account was adequately explained as being withdrawn during recovery proceedings against a sick company and redeposited after settlement. The Tribunal considered the genuine fear of attachment of the account and compared the case to legal precedent, concluding that the explanation provided was sufficient to delete the addition of undisclosed income made by the authorities. Case-Laws Income Tax Wed, 25 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219432