https://www.taxtmi.com/caselaws?id=342619 The Tribunal allowed the appeal, overturning the addition of undisclosed income under section 69 of the Income Tax Act. It held that the student assessee, relying on funds from the sale of land by his mother, did not have a justifiable income source for the cash deposits. The Tribunal emphasized the assessing officer's discretion under section 69 and concluded that the addition was unwarranted, directing the deletion of the entire amount from the assessee's hands. en-us Fri, 05 May 2017 00:00:00 +0530 Tue, 09 May 2017 07:40:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342619 The Tribunal allowed the appeal, overturning the addition of undisclosed income under section 69 of the Income Tax Act. It held that the student assessee, relying on funds from the sale of land by his mother, did not have a justifiable income source for the cash deposits. The Tribunal emphasized the assessing officer's discretion under section 69 and concluded that the addition was unwarranted, directing the deletion of the entire amount from the assessee's hands. Case-Laws Income Tax Fri, 05 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342619