https://www.taxtmi.com/caselaws?id=255162 The Tribunal allowed the appeal in the case of Shri Amit N. Kapadia and partly allowed the appeal in the case of Smt. Geetaben N. Kapadia. The additions made by the Assessing Officer for unexplained investments in bank accounts were deleted for both parties, except for a specific amount in one of Smt. Geetaben N. Kapadia's bank accounts. The Tribunal clarified that the deposits were made in the previous assessment year and directed the Assessing Officer to consider them accordingly. The lower authorities' orders were set aside, providing clarity on the treatment of the deposits for the correct assessment year. en-us Fri, 19 Sep 2014 00:00:00 +0530 Thu, 25 Dec 2014 18:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255162 The Tribunal allowed the appeal in the case of Shri Amit N. Kapadia and partly allowed the appeal in the case of Smt. Geetaben N. Kapadia. The additions made by the Assessing Officer for unexplained investments in bank accounts were deleted for both parties, except for a specific amount in one of Smt. Geetaben N. Kapadia's bank accounts. The Tribunal clarified that the deposits were made in the previous assessment year and directed the Assessing Officer to consider them accordingly. The lower authorities' orders were set aside, providing clarity on the treatment of the deposits for the correct assessment year. Case-Laws Income Tax Fri, 19 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255162