https://www.taxtmi.com/caselaws?id=344059 Peak credit and cash deposit additions in a joint bank account were restored for fresh adjudication because the assessee's explanation, supported by a father's affidavit and bank statements, had not been properly examined. The record indicated that some deposits may have related to the father's transactions and that contra entries, opening balance, and inter-bank transfers required closer scrutiny. As the existing findings did not adequately address these materials, the matter was remitted for de novo consideration in accordance with law. en-us Wed, 05 Apr 2017 00:00:00 +0530 Thu, 08 Jun 2017 05:57:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344059 Peak credit and cash deposit additions in a joint bank account were restored for fresh adjudication because the assessee's explanation, supported by a father's affidavit and bank statements, had not been properly examined. The record indicated that some deposits may have related to the father's transactions and that contra entries, opening balance, and inter-bank transfers required closer scrutiny. As the existing findings did not adequately address these materials, the matter was remitted for de novo consideration in accordance with law. Case-Laws Income Tax Wed, 05 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344059