https://www.taxtmi.com/caselaws?id=345541 The appellate tribunal ruled in favor of the assessee, allowing the appeal and deleting the addition of Rs. 31,00,000. The tribunal found that evidence provided during the appellate stage, including statements from the property dealer confirming the genuine property sale transaction, supported the source of the cash deposit in the bank account. This evidence contradicted the initial findings of the Assessing Officer and CIT (A), leading to the deletion of the addition under Section 68 and Section 69-A of the Income Tax Act. en-us Mon, 07 Nov 2016 00:00:00 +0530 Thu, 20 Jul 2017 07:37:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345541 The appellate tribunal ruled in favor of the assessee, allowing the appeal and deleting the addition of Rs. 31,00,000. The tribunal found that evidence provided during the appellate stage, including statements from the property dealer confirming the genuine property sale transaction, supported the source of the cash deposit in the bank account. This evidence contradicted the initial findings of the Assessing Officer and CIT (A), leading to the deletion of the addition under Section 68 and Section 69-A of the Income Tax Act. Case-Laws Income Tax Mon, 07 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345541