https://www.taxtmi.com/caselaws?id=236448 The Tribunal allowed the appeal, deleting the addition of Rs. 28,20,000/- as unexplained deposits in the appellant's bank account. The Tribunal found merit in the appellant's submissions, noting that documentary evidence supported the appellant's claim of receiving a higher sale consideration for agricultural land. The Tribunal criticized the Assessing Officer for not properly investigating the matter and concluded that the cash deposits were indeed from the sale proceeds of the land. Consequently, the Tribunal set aside the CIT(A)'s order and ruled in favor of the appellant on 23.8.2013. en-us Fri, 23 Aug 2013 00:00:00 +0530 Tue, 27 Aug 2013 09:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236448 The Tribunal allowed the appeal, deleting the addition of Rs. 28,20,000/- as unexplained deposits in the appellant's bank account. The Tribunal found merit in the appellant's submissions, noting that documentary evidence supported the appellant's claim of receiving a higher sale consideration for agricultural land. The Tribunal criticized the Assessing Officer for not properly investigating the matter and concluded that the cash deposits were indeed from the sale proceeds of the land. Consequently, the Tribunal set aside the CIT(A)'s order and ruled in favor of the appellant on 23.8.2013. Case-Laws Income Tax Fri, 23 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236448