https://www.taxtmi.com/caselaws?id=253231 The Tribunal set aside the CIT(A)'s orders and remanded the case to the AO. The AO was instructed not to add deposits in the firm's bank account to the individual's income. The Tribunal directed that telescoping should be allowed if the assessee can prove expenses or investments were made from withdrawals from the firm's account. The assessee's appeals were allowed for statistical purposes. en-us Fri, 14 Nov 2014 00:00:00 +0530 Wed, 19 Nov 2014 09:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253231 The Tribunal set aside the CIT(A)'s orders and remanded the case to the AO. The AO was instructed not to add deposits in the firm's bank account to the individual's income. The Tribunal directed that telescoping should be allowed if the assessee can prove expenses or investments were made from withdrawals from the firm's account. The assessee's appeals were allowed for statistical purposes. Case-Laws Income Tax Fri, 14 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253231