https://www.taxtmi.com/caselaws?id=192596 The Tribunal upheld the CIT(A)'s order, dismissing the Revenue's appeal for the assessment year 2008-2009. The appeal was disposed of ex parte as the assessee did not appear during the hearing. The main issue was the restriction of addition of unexplained deposits in the bank account. The Tribunal found that the CIT(A) had provided the AO with a reasonable opportunity to submit a remand report, which was duly considered. Ultimately, the Tribunal agreed with the CIT(A) that only the peak of cash deposits along with additional undisclosed income should be sustained, rejecting the Revenue's arguments. en-us Fri, 12 Apr 2013 00:00:00 +0530 Wed, 07 Jun 2017 14:32:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192596 The Tribunal upheld the CIT(A)'s order, dismissing the Revenue's appeal for the assessment year 2008-2009. The appeal was disposed of ex parte as the assessee did not appear during the hearing. The main issue was the restriction of addition of unexplained deposits in the bank account. The Tribunal found that the CIT(A) had provided the AO with a reasonable opportunity to submit a remand report, which was duly considered. Ultimately, the Tribunal agreed with the CIT(A) that only the peak of cash deposits along with additional undisclosed income should be sustained, rejecting the Revenue's arguments. Case-Laws Income Tax Fri, 12 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192596