https://www.taxtmi.com/caselaws?id=338024 The court ruled in favor of the assessee and against the Revenue on various issues including the admission of appeal under Section 249(4) of the Act, addition of peak bank account balance, deletion of unaccounted cash payments, and unexplained investments in bank accounts. The court upheld the Tribunal's decisions to delete certain additions and provide relief through telescoping benefits, remitting other issues back to the Tribunal for reconsideration. Overall, the court disposed of the Tax Appeal favorably for the assessee on multiple grounds. en-us Thu, 10 Nov 2016 00:00:00 +0530 Mon, 23 Jan 2017 08:56:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338024 The court ruled in favor of the assessee and against the Revenue on various issues including the admission of appeal under Section 249(4) of the Act, addition of peak bank account balance, deletion of unaccounted cash payments, and unexplained investments in bank accounts. The court upheld the Tribunal's decisions to delete certain additions and provide relief through telescoping benefits, remitting other issues back to the Tribunal for reconsideration. Overall, the court disposed of the Tax Appeal favorably for the assessee on multiple grounds. Case-Laws Income Tax Thu, 10 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338024