https://www.taxtmi.com/caselaws?id=246233 The appeals were filed against the order passed by Ld CIT(A)-32, Mumbai for the assessment year 2009-10 concerning additions under section 68 of the Act for bank account deposits. The assessees failed to provide sufficient details on the sources of cash deposits, leading to income assessment proposals. Ld CIT(A) upheld the additions due to discrepancies and lack of evidence. The assessees' claims were rejected, citing case laws and cash-centric transactions. The Tribunal acknowledged the assessees' challenges in providing old transaction details, ordering a fresh assessment for fairness. The Tribunal set aside Ld CIT(A)'s orders, emphasizing the need for a comprehensive assessment process. en-us Fri, 28 Feb 2014 00:00:00 +0530 Sat, 19 Apr 2014 11:10:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246233 The appeals were filed against the order passed by Ld CIT(A)-32, Mumbai for the assessment year 2009-10 concerning additions under section 68 of the Act for bank account deposits. The assessees failed to provide sufficient details on the sources of cash deposits, leading to income assessment proposals. Ld CIT(A) upheld the additions due to discrepancies and lack of evidence. The assessees' claims were rejected, citing case laws and cash-centric transactions. The Tribunal acknowledged the assessees' challenges in providing old transaction details, ordering a fresh assessment for fairness. The Tribunal set aside Ld CIT(A)'s orders, emphasizing the need for a comprehensive assessment process. Case-Laws Income Tax Fri, 28 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246233