https://www.taxtmi.com/caselaws?id=349621 The CIT(A) and appellate tribunal ruled in favor of the assessee, deleting the addition of cash deposits in a savings bank account as unaccounted income. The tribunal found that the account did not belong to the assessee and the cash deposits were already assessed in the hands of another entity. The tribunal criticized the AO for not conducting proper inquiries and violating principles of natural justice. The appeal of the Revenue was dismissed, affirming the deletion of the addition. en-us Mon, 16 Oct 2017 00:00:00 +0530 Tue, 17 Oct 2017 17:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349621 The CIT(A) and appellate tribunal ruled in favor of the assessee, deleting the addition of cash deposits in a savings bank account as unaccounted income. The tribunal found that the account did not belong to the assessee and the cash deposits were already assessed in the hands of another entity. The tribunal criticized the AO for not conducting proper inquiries and violating principles of natural justice. The appeal of the Revenue was dismissed, affirming the deletion of the addition. Case-Laws Income Tax Mon, 16 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349621