https://www.taxtmi.com/caselaws?id=242761 The tribunal upheld the ld. CIT (A)'s decision on both issues, ruling in favor of the assessee. The treatment of undisclosed cash deposits in the bank account as turnover was deemed appropriate, applying a net profit rate to determine the addition. Additionally, the deletion of an addition under the head income from other sources without documentary evidence was upheld, emphasizing the necessity for proper justification in assessment proceedings. The tribunal dismissed the department's appeal, affirming the decisions of the lower authorities. en-us Wed, 08 Jan 2014 00:00:00 +0530 Mon, 20 Jan 2014 06:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242761 The tribunal upheld the ld. CIT (A)'s decision on both issues, ruling in favor of the assessee. The treatment of undisclosed cash deposits in the bank account as turnover was deemed appropriate, applying a net profit rate to determine the addition. Additionally, the deletion of an addition under the head income from other sources without documentary evidence was upheld, emphasizing the necessity for proper justification in assessment proceedings. The tribunal dismissed the department's appeal, affirming the decisions of the lower authorities. Case-Laws Income Tax Wed, 08 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242761