https://www.taxtmi.com/caselaws?id=269051 The Tribunal allowed the appeal, deleting the addition of Rs. 14,16,946 made by the Assessing Officer and enhanced by the Commissioner of Income Tax (Appeals). The Tribunal found that the assessee's explanation for the opening cash balance as of 01/04/1998, supported by evidence of substantial bank withdrawals during the previous financial year, was sufficient. Consequently, the Tribunal held that no part of the addition made by the Assessing Officer and enhanced by the Commissioner of Income Tax (Appeals) was sustainable. en-us Thu, 24 Sep 2015 00:00:00 +0530 Mon, 07 Dec 2015 10:20:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269051 The Tribunal allowed the appeal, deleting the addition of Rs. 14,16,946 made by the Assessing Officer and enhanced by the Commissioner of Income Tax (Appeals). The Tribunal found that the assessee's explanation for the opening cash balance as of 01/04/1998, supported by evidence of substantial bank withdrawals during the previous financial year, was sufficient. Consequently, the Tribunal held that no part of the addition made by the Assessing Officer and enhanced by the Commissioner of Income Tax (Appeals) was sustainable. Case-Laws Income Tax Thu, 24 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269051