https://www.taxtmi.com/caselaws?id=340071 The ITAT remanded the issue back to the AO for verification and directed the assessee to produce evidence to substantiate the claim of cash deposits. The ITAT found the assessee's arguments were not presented before lower authorities, allowing the appeal for statistical purposes. The judgment favored the assessee, indicating a partial victory in challenging the addition of Rs. 18,00,000 as cash deposits under section 68 of the Income Tax Act. en-us Tue, 28 Feb 2017 00:00:00 +0530 Tue, 14 Mar 2017 09:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340071 The ITAT remanded the issue back to the AO for verification and directed the assessee to produce evidence to substantiate the claim of cash deposits. The ITAT found the assessee's arguments were not presented before lower authorities, allowing the appeal for statistical purposes. The judgment favored the assessee, indicating a partial victory in challenging the addition of Rs. 18,00,000 as cash deposits under section 68 of the Income Tax Act. Case-Laws Income Tax Tue, 28 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340071