https://www.taxtmi.com/caselaws?id=193259 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to delete the addition of Rs. 19,60,000 as income from undisclosed sources for the assessment year 2008-09. The Tribunal concurred with the lower authorities' findings that the appellant sufficiently explained the source of cash deposits based on evidence provided and proper maintenance of books of accounts. Both the CIT(A) and the Tribunal ruled in favor of the assessee, emphasizing the detailed analysis of cash flow statements and balance sheets, leading to the dismissal of the Revenue's appeal. en-us Tue, 03 Nov 2015 00:00:00 +0530 Fri, 21 Jul 2017 08:41:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193259 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to delete the addition of Rs. 19,60,000 as income from undisclosed sources for the assessment year 2008-09. The Tribunal concurred with the lower authorities' findings that the appellant sufficiently explained the source of cash deposits based on evidence provided and proper maintenance of books of accounts. Both the CIT(A) and the Tribunal ruled in favor of the assessee, emphasizing the detailed analysis of cash flow statements and balance sheets, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Tue, 03 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193259