https://www.taxtmi.com/caselaws?id=238305 An addition under section 68 based on increased deposits was deleted by the first appellate authority without independently examining the relevant year's facts. The Tribunal found that reliance on earlier orders from different assessment years was insufficient because the factual foundation for the year in appeal had not been properly established, including depositor names, addresses, PAN details and KYC material. The deletion was therefore set aside and the matter remanded for fresh adjudication after giving the assessee an opportunity to produce the necessary details. en-us Fri, 01 Feb 2013 00:00:00 +0530 Sun, 20 Oct 2013 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238305 An addition under section 68 based on increased deposits was deleted by the first appellate authority without independently examining the relevant year's facts. The Tribunal found that reliance on earlier orders from different assessment years was insufficient because the factual foundation for the year in appeal had not been properly established, including depositor names, addresses, PAN details and KYC material. The deletion was therefore set aside and the matter remanded for fresh adjudication after giving the assessee an opportunity to produce the necessary details. Case-Laws Income Tax Fri, 01 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238305