https://www.taxtmi.com/caselaws?id=272760 The Tribunal upheld the CIT(A)'s decision to accept the assessee's cash flow statement without corroborative evidence, dismissing the Revenue's appeal. It confirmed the reliance on the cash flow statement for cash withdrawals and deposits, noting no negative balance. The Tribunal also upheld the deletion of additions under Section 69A for unexplained money in bank accounts, emphasizing the acceptance of opening cash balances from previous years. All appeals by the Revenue were dismissed, supporting the relief granted to the assessee based on the cash flow statements and previous findings. en-us Wed, 01 Oct 2014 00:00:00 +0530 Thu, 17 May 2018 05:52:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272760 The Tribunal upheld the CIT(A)'s decision to accept the assessee's cash flow statement without corroborative evidence, dismissing the Revenue's appeal. It confirmed the reliance on the cash flow statement for cash withdrawals and deposits, noting no negative balance. The Tribunal also upheld the deletion of additions under Section 69A for unexplained money in bank accounts, emphasizing the acceptance of opening cash balances from previous years. All appeals by the Revenue were dismissed, supporting the relief granted to the assessee based on the cash flow statements and previous findings. Case-Laws Income Tax Wed, 01 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272760