https://www.taxtmi.com/caselaws?id=185400 The ITAT set aside the order adding unexplained cash deposits in bank accounts as income from undisclosed sources. The ITAT directed the Assessing Officer to make an addition equal to the peak balance in the bank accounts, considering both deposits and withdrawals. The assessee was granted an opportunity to present their case in fresh proceedings. The appeal was allowed for statistical purposes, with the decision announced on 27th March 2015. en-us Fri, 27 Mar 2015 00:00:00 +0530 Thu, 11 Aug 2016 15:27:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185400 The ITAT set aside the order adding unexplained cash deposits in bank accounts as income from undisclosed sources. The ITAT directed the Assessing Officer to make an addition equal to the peak balance in the bank accounts, considering both deposits and withdrawals. The assessee was granted an opportunity to present their case in fresh proceedings. The appeal was allowed for statistical purposes, with the decision announced on 27th March 2015. Case-Laws Income Tax Fri, 27 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185400