https://www.taxtmi.com/caselaws?id=353599 The Tribunal allowed the appeal, finding the assessee's explanation for cash deposits satisfactory and overturning the addition under section 68 of the Income Tax Act. The Tribunal concluded that the provided evidence adequately addressed concerns raised by the CIT(A), deleting the addition made by the A.O. The decision emphasized that the source of cash deposits was sufficiently explained, leading to the favorable outcome for the assessee. en-us Fri, 05 Jan 2018 00:00:00 +0530 Mon, 08 Jan 2018 10:21:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353599 The Tribunal allowed the appeal, finding the assessee's explanation for cash deposits satisfactory and overturning the addition under section 68 of the Income Tax Act. The Tribunal concluded that the provided evidence adequately addressed concerns raised by the CIT(A), deleting the addition made by the A.O. The decision emphasized that the source of cash deposits was sufficiently explained, leading to the favorable outcome for the assessee. Case-Laws Income Tax Fri, 05 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353599