https://www.taxtmi.com/caselaws?id=340294 The ITAT dismissed the Revenue's appeal challenging the admission of additional evidence against Rule 46A. Upholding the ld. CIT(A)'s decision, the ITAT found the assessee adequately explained unexplained cash deposits through credible sources such as jewellery sales and loans, despite the absence of physical verification of relevant parties. The addition was deleted based on satisfactory explanations and supporting documentation provided by the assessee, leading to the dismissal of the Revenue's appeal. en-us Fri, 10 Mar 2017 00:00:00 +0530 Mon, 20 Mar 2017 08:44:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340294 The ITAT dismissed the Revenue's appeal challenging the admission of additional evidence against Rule 46A. Upholding the ld. CIT(A)'s decision, the ITAT found the assessee adequately explained unexplained cash deposits through credible sources such as jewellery sales and loans, despite the absence of physical verification of relevant parties. The addition was deleted based on satisfactory explanations and supporting documentation provided by the assessee, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Fri, 10 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340294