https://www.taxtmi.com/caselaws?id=341319 The Appellate Tribunal dismissed the Revenue's appeal and affirmed the CIT(A)'s decision in favor of the assessee. The Tribunal upheld the admission of additional evidence, including bank accounts and mutual fund statements, clarifying the investments made by the retired senior citizen assessee. Additionally, the Tribunal supported the deletion of unexplained investment entries under Sections 69 and 68 of the Income Tax Act, 1961, based on detailed explanations and documentary evidence provided by the assessee, while unexplained cash deposits were added to income. en-us Thu, 30 Mar 2017 00:00:00 +0530 Thu, 06 Apr 2017 07:32:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341319 The Appellate Tribunal dismissed the Revenue's appeal and affirmed the CIT(A)'s decision in favor of the assessee. The Tribunal upheld the admission of additional evidence, including bank accounts and mutual fund statements, clarifying the investments made by the retired senior citizen assessee. Additionally, the Tribunal supported the deletion of unexplained investment entries under Sections 69 and 68 of the Income Tax Act, 1961, based on detailed explanations and documentary evidence provided by the assessee, while unexplained cash deposits were added to income. Case-Laws Income Tax Thu, 30 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341319