https://www.taxtmi.com/caselaws?id=265102 The appeal involved the addition of unexplained cash deposited in a bank account, with the Assessing Officer assessing the amount on a protective basis in the hands of the assessee. The CIT(A) confirmed the addition on a substantive basis due to the joint operation of the account by the assessee and her son. The Tribunal ruled in favor of the appellant, noting that the son had disclosed and explained the transactions in his own records, leading to the deletion of the addition in the assessee's income. The challenge against the protective assessment was deemed unnecessary following the decision on the main issue. en-us Thu, 28 Aug 2014 00:00:00 +0530 Wed, 07 Oct 2015 15:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265102 The appeal involved the addition of unexplained cash deposited in a bank account, with the Assessing Officer assessing the amount on a protective basis in the hands of the assessee. The CIT(A) confirmed the addition on a substantive basis due to the joint operation of the account by the assessee and her son. The Tribunal ruled in favor of the appellant, noting that the son had disclosed and explained the transactions in his own records, leading to the deletion of the addition in the assessee's income. The challenge against the protective assessment was deemed unnecessary following the decision on the main issue. Case-Laws Income Tax Thu, 28 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265102