https://www.taxtmi.com/caselaws?id=171024 The Tribunal allowed the Department's appeal, directing a re-examination of the unexplained deposits in the assessee's bank account for the assessment year. The Tribunal emphasized the need for a thorough investigation to determine the legitimacy of the deposits and their connection to the business activities of another individual. The decision highlighted the importance of conducting detailed inquiries to establish the source and purpose of the deposits before making any additions to the assessee's income. en-us Wed, 10 Dec 2014 00:00:00 +0530 Thu, 11 Dec 2014 14:36:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171024 The Tribunal allowed the Department's appeal, directing a re-examination of the unexplained deposits in the assessee's bank account for the assessment year. The Tribunal emphasized the need for a thorough investigation to determine the legitimacy of the deposits and their connection to the business activities of another individual. The decision highlighted the importance of conducting detailed inquiries to establish the source and purpose of the deposits before making any additions to the assessee's income. Case-Laws Income Tax Wed, 10 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171024