https://www.taxtmi.com/caselaws?id=266180 The ITAT allowed relief to the assessee by reversing the CIT(A)'s decision to sustain the addition of Rs. 8,52,000 under section 68 of the Income Tax Act, 1961. The ITAT disagreed with the CIT(A)'s findings on various cash deposits and gifts received, particularly regarding the origin of certain amounts. The ITAT directed a fresh assessment by the AO, overturning the CIT(A)'s decisions on smaller additions related to old furniture sales and gifts received. The appeal was treated as allowed for statistical purposes, with the issue remanded for further examination by the AO. en-us Wed, 25 Feb 2015 00:00:00 +0530 Sun, 18 Oct 2015 17:44:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266180 The ITAT allowed relief to the assessee by reversing the CIT(A)'s decision to sustain the addition of Rs. 8,52,000 under section 68 of the Income Tax Act, 1961. The ITAT disagreed with the CIT(A)'s findings on various cash deposits and gifts received, particularly regarding the origin of certain amounts. The ITAT directed a fresh assessment by the AO, overturning the CIT(A)'s decisions on smaller additions related to old furniture sales and gifts received. The appeal was treated as allowed for statistical purposes, with the issue remanded for further examination by the AO. Case-Laws Income Tax Wed, 25 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266180