https://www.taxtmi.com/caselaws?id=195632 The Income Tax Appellate Tribunal (ITAT) set aside the addition of cash deposits as undisclosed income under section 68 of the Income Tax Act for the assessment year 2008-09. The ITAT directed the Assessing Officer to re-examine the details and confirmations provided by the appellant, noting that some transactions were through cheques and between different accounts. The appellant provided confirmations of loans to explain the sources of the deposits, leading the ITAT to allow the appeal for statistical purposes. en-us Wed, 24 Jul 2013 00:00:00 +0530 Mon, 06 Nov 2017 17:31:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195632 The Income Tax Appellate Tribunal (ITAT) set aside the addition of cash deposits as undisclosed income under section 68 of the Income Tax Act for the assessment year 2008-09. The ITAT directed the Assessing Officer to re-examine the details and confirmations provided by the appellant, noting that some transactions were through cheques and between different accounts. The appellant provided confirmations of loans to explain the sources of the deposits, leading the ITAT to allow the appeal for statistical purposes. Case-Laws Income Tax Wed, 24 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195632