https://www.taxtmi.com/caselaws?id=346275 The Tribunal allowed the appeal for statistical purposes, emphasizing the importance of a detailed assessment by the Assessing Officer regarding cash deposits in the bank account. The decision highlighted the need to consider regular books of account and cash book in determining the source of funds. The case was remanded back to the Assessing Officer for a fresh examination, instructing verification of cash availability from various sources and alignment with recorded transactions. The appellant was granted an opportunity to present explanations, stressing the necessity for a thorough review of the matter. en-us Fri, 21 Apr 2017 00:00:00 +0530 Tue, 08 Aug 2017 07:37:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346275 The Tribunal allowed the appeal for statistical purposes, emphasizing the importance of a detailed assessment by the Assessing Officer regarding cash deposits in the bank account. The decision highlighted the need to consider regular books of account and cash book in determining the source of funds. The case was remanded back to the Assessing Officer for a fresh examination, instructing verification of cash availability from various sources and alignment with recorded transactions. The appellant was granted an opportunity to present explanations, stressing the necessity for a thorough review of the matter. Case-Laws Income Tax Fri, 21 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346275