https://www.taxtmi.com/caselaws?id=354020 The departmental appeal challenging the deletion of cash deposits in bank accounts was dismissed. The Assessing Officer's addition of unexplained cash deposits was deleted by the CIT(A) based on remand report findings and supporting evidence. The AO's failure to verify facts from the purchaser and rebut evidence during the remand proceedings led to the dismissal of the appeal. The court emphasized the need for responsible actions by tax authorities to avoid frivolous appeals and maintain public trust. en-us Wed, 10 Jan 2018 00:00:00 +0530 Tue, 16 Jan 2018 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354020 The departmental appeal challenging the deletion of cash deposits in bank accounts was dismissed. The Assessing Officer's addition of unexplained cash deposits was deleted by the CIT(A) based on remand report findings and supporting evidence. The AO's failure to verify facts from the purchaser and rebut evidence during the remand proceedings led to the dismissal of the appeal. The court emphasized the need for responsible actions by tax authorities to avoid frivolous appeals and maintain public trust. Case-Laws Income Tax Wed, 10 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354020