https://www.taxtmi.com/caselaws?id=192877 The Tribunal allowed the appeal, deleting the addition of Rs. 15 lacs for cash deposits under section 143(3) of the Income Tax Act. The Tribunal found the explanation provided by the assessee regarding the cash withdrawals and redeposits to be satisfactory, following a precedent set by the Punjab & Haryana High Court. The addition was deemed unjustified under section 68 of the Act, leading to the successful appeal by the assessee. en-us Thu, 29 Nov 2012 00:00:00 +0530 Wed, 28 Jun 2017 12:20:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192877 The Tribunal allowed the appeal, deleting the addition of Rs. 15 lacs for cash deposits under section 143(3) of the Income Tax Act. The Tribunal found the explanation provided by the assessee regarding the cash withdrawals and redeposits to be satisfactory, following a precedent set by the Punjab & Haryana High Court. The addition was deemed unjustified under section 68 of the Act, leading to the successful appeal by the assessee. Case-Laws Income Tax Thu, 29 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192877