https://www.taxtmi.com/caselaws?id=169176 The Tribunal upheld the CIT(A)'s decision to delete the addition under section 68 of the Income Tax Act regarding unexplained cash credit in the bank account of the assessee. The CIT(A) emphasized that the cash received was for further deposits into clients' accounts and did not constitute income for the assessee, supporting the deletion of the addition made by the AO. The Tribunal concurred with the CIT(A)'s findings, noting the nature of the transactions and the commission-based income structure of the assessee and her husband, ultimately dismissing the revenue's appeal. en-us Fri, 22 Aug 2014 00:00:00 +0530 Mon, 06 Apr 2015 22:11:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169176 The Tribunal upheld the CIT(A)'s decision to delete the addition under section 68 of the Income Tax Act regarding unexplained cash credit in the bank account of the assessee. The CIT(A) emphasized that the cash received was for further deposits into clients' accounts and did not constitute income for the assessee, supporting the deletion of the addition made by the AO. The Tribunal concurred with the CIT(A)'s findings, noting the nature of the transactions and the commission-based income structure of the assessee and her husband, ultimately dismissing the revenue's appeal. Case-Laws Income Tax Fri, 22 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169176