https://www.taxtmi.com/caselaws?id=345250 Bank deposits were treated as explained where the assessee supported the source with a HUF cash flow statement showing funds from property sale proceeds and related income. The remand report accepted that capital gains on the HUF property had been offered to tax, interest income was reflected in the HUF return, and the relevant records were available in the HUF assessment file. The commentary also notes that ignoring the remand report and not confronting further doubts to the assessee offends natural justice. On that basis, the addition for unexplained deposits was deleted. en-us Wed, 07 Jun 2017 00:00:00 +0530 Wed, 12 Jul 2017 07:08:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345250 Bank deposits were treated as explained where the assessee supported the source with a HUF cash flow statement showing funds from property sale proceeds and related income. The remand report accepted that capital gains on the HUF property had been offered to tax, interest income was reflected in the HUF return, and the relevant records were available in the HUF assessment file. The commentary also notes that ignoring the remand report and not confronting further doubts to the assessee offends natural justice. On that basis, the addition for unexplained deposits was deleted. Case-Laws Income Tax Wed, 07 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345250