https://www.taxtmi.com/caselaws?id=265027 The ITAT dismissed the Department's appeal, upholding the deletion of Rs. 33,58,000 as explained cash receipts but confirmed the addition of Rs. 94,500 as unexplained cash credit. The ITAT remanded the issue of interest under sections 234B and 234C for further examination. The judgment emphasized the necessity of providing evidence for cash deposits and adhering to tax laws to prevent additions as unexplained income. en-us Tue, 16 Sep 2014 00:00:00 +0530 Mon, 05 Oct 2015 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265027 The ITAT dismissed the Department's appeal, upholding the deletion of Rs. 33,58,000 as explained cash receipts but confirmed the addition of Rs. 94,500 as unexplained cash credit. The ITAT remanded the issue of interest under sections 234B and 234C for further examination. The judgment emphasized the necessity of providing evidence for cash deposits and adhering to tax laws to prevent additions as unexplained income. Case-Laws Income Tax Tue, 16 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265027