https://www.taxtmi.com/caselaws?id=335703 The ITAT allowed the appeal of the assessee, overturning the lower authorities' decision to add cash deposits, jewellery sale proceeds, and interest received to the total income. The ITAT emphasized the lack of proper inquiry and verification by the Assessing Officer, highlighting the failure to substantiate claims and follow due process. The ITAT directed the AO to delete all additions made under section 68 of the Act, citing the Indian customs of gifting cash and jewellery during marriage as relevant factors in the case. en-us Mon, 05 Dec 2016 00:00:00 +0530 Wed, 07 Dec 2016 18:31:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335703 The ITAT allowed the appeal of the assessee, overturning the lower authorities' decision to add cash deposits, jewellery sale proceeds, and interest received to the total income. The ITAT emphasized the lack of proper inquiry and verification by the Assessing Officer, highlighting the failure to substantiate claims and follow due process. The ITAT directed the AO to delete all additions made under section 68 of the Act, citing the Indian customs of gifting cash and jewellery during marriage as relevant factors in the case. Case-Laws Income Tax Mon, 05 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335703