https://www.taxtmi.com/caselaws?id=179670 The Tribunal upheld the Ld. Commissioner of Income Tax (Appeals) orders, deleting the addition of cash deposits and unverified expenses made by the Assessing Officer. The appellant successfully explained the source of cash deposits, supported by evidence, leading to the deletion of the addition under section 68 of the IT Act. Similarly, the unverified expenses were considered genuine and justified as the Assessing Officer failed to provide contrary findings. The Tribunal dismissed the revenue's appeal and the assessee's cross objection, affirming the Ld. Commissioner of Income Tax (Appeals) decisions on both issues. en-us Fri, 12 Nov 2010 00:00:00 +0530 Mon, 07 Mar 2016 18:09:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179670 The Tribunal upheld the Ld. Commissioner of Income Tax (Appeals) orders, deleting the addition of cash deposits and unverified expenses made by the Assessing Officer. The appellant successfully explained the source of cash deposits, supported by evidence, leading to the deletion of the addition under section 68 of the IT Act. Similarly, the unverified expenses were considered genuine and justified as the Assessing Officer failed to provide contrary findings. The Tribunal dismissed the revenue's appeal and the assessee's cross objection, affirming the Ld. Commissioner of Income Tax (Appeals) decisions on both issues. Case-Laws Income Tax Fri, 12 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179670