https://www.taxtmi.com/caselaws?id=250803 The Appellate Tribunal upheld the decision of the Ld. CIT(A), dismissing the Revenue's appeal. It was established that the undisclosed bank account deposits were related to the husband's business activities, and insufficient evidence was presented to attribute the entire amount to the assessee. The Tribunal affirmed that the deposits did not constitute unexplained income in the hands of the assessee. The joint ownership of the bank account was acknowledged, and further investigation into the true source of the deposits was deemed necessary. en-us Wed, 13 Aug 2014 00:00:00 +0530 Tue, 26 Aug 2014 15:32:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250803 The Appellate Tribunal upheld the decision of the Ld. CIT(A), dismissing the Revenue's appeal. It was established that the undisclosed bank account deposits were related to the husband's business activities, and insufficient evidence was presented to attribute the entire amount to the assessee. The Tribunal affirmed that the deposits did not constitute unexplained income in the hands of the assessee. The joint ownership of the bank account was acknowledged, and further investigation into the true source of the deposits was deemed necessary. Case-Laws Income Tax Wed, 13 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250803