https://www.taxtmi.com/caselaws?id=346869 The High Court upheld the Income Tax Appellate Tribunal's decision regarding cash deposits and withdrawals in a bank passbook for Assessment year 2009-2010. The Tribunal partially allowed the appeal, granting relief for cash deposits to the extent of corresponding cash withdrawals but found the remaining amount unexplained. Additionally, the Tribunal approved the benefit related to interest received. The High Court affirmed the Tribunal's factual findings, concluding that there was no basis for a different outcome. As no new evidence was presented, the High Court dismissed the appeal for lacking merit. en-us Tue, 27 Jun 2017 00:00:00 +0530 Thu, 24 Aug 2017 07:55:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346869 The High Court upheld the Income Tax Appellate Tribunal's decision regarding cash deposits and withdrawals in a bank passbook for Assessment year 2009-2010. The Tribunal partially allowed the appeal, granting relief for cash deposits to the extent of corresponding cash withdrawals but found the remaining amount unexplained. Additionally, the Tribunal approved the benefit related to interest received. The High Court affirmed the Tribunal's factual findings, concluding that there was no basis for a different outcome. As no new evidence was presented, the High Court dismissed the appeal for lacking merit. Case-Laws Income Tax Tue, 27 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346869