https://www.taxtmi.com/caselaws?id=255105 The Income Tax Appellate Tribunal (ITAT) allowed the department's appeal, emphasizing the need for the assessee to substantiate the source of cash deposits from real estate transactions with supporting evidence to avoid additions to income. The ITAT found that the CIT(A) erred in accepting the explanation without adequate evidence and remanded the case to the Assessing Officer for verification of the source of deposits with proper evidence, directing a re-examination of the issue. en-us Wed, 15 Oct 2014 00:00:00 +0530 Wed, 07 Jan 2015 20:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255105 The Income Tax Appellate Tribunal (ITAT) allowed the department's appeal, emphasizing the need for the assessee to substantiate the source of cash deposits from real estate transactions with supporting evidence to avoid additions to income. The ITAT found that the CIT(A) erred in accepting the explanation without adequate evidence and remanded the case to the Assessing Officer for verification of the source of deposits with proper evidence, directing a re-examination of the issue. Case-Laws Income Tax Wed, 15 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255105