https://www.taxtmi.com/caselaws?id=192099 Cash deposits found in the assessee's bank accounts were disputed as third-party marble trading receipts handled for commission, but the record did not adequately verify the party-wise deposits, the identity of the beneficiaries, or the nexus between deposits and withdrawals. Because the appellate material had not been properly reconciled or confronted, the addition could not be finally sustained on the existing record and the matter was remitted for fresh examination. The governing principle stated that, where cash deposits are claimed to belong to third parties, the assessee must explain each transaction and establish the linkage between deposits and withdrawals before any conclusive tax treatment is made. en-us Thu, 20 Oct 2016 00:00:00 +0530 Sat, 13 May 2017 08:51:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192099 Cash deposits found in the assessee's bank accounts were disputed as third-party marble trading receipts handled for commission, but the record did not adequately verify the party-wise deposits, the identity of the beneficiaries, or the nexus between deposits and withdrawals. Because the appellate material had not been properly reconciled or confronted, the addition could not be finally sustained on the existing record and the matter was remitted for fresh examination. The governing principle stated that, where cash deposits are claimed to belong to third parties, the assessee must explain each transaction and establish the linkage between deposits and withdrawals before any conclusive tax treatment is made. Case-Laws Income Tax Thu, 20 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192099