https://www.taxtmi.com/caselaws?id=192881 The Appellate Tribunal ITAT CHANDIGARH allowed the appeals of two assessees against Commissioner of Income-tax (A) orders u/s 143(3) for assessment year 2006-07. The Tribunal found no merit in treating the deposits in bank accounts as unexplained income, as the assessees provided evidence linking the cash deposits to withdrawals. Consequently, the additions made on account of non-verifiable deposits were deleted for both assessees, and their appeals were allowed. en-us Wed, 30 Mar 2011 00:00:00 +0530 Wed, 28 Jun 2017 18:04:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192881 The Appellate Tribunal ITAT CHANDIGARH allowed the appeals of two assessees against Commissioner of Income-tax (A) orders u/s 143(3) for assessment year 2006-07. The Tribunal found no merit in treating the deposits in bank accounts as unexplained income, as the assessees provided evidence linking the cash deposits to withdrawals. Consequently, the additions made on account of non-verifiable deposits were deleted for both assessees, and their appeals were allowed. Case-Laws Income Tax Wed, 30 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192881