https://www.taxtmi.com/caselaws?id=361043 The Tribunal allowed the appeal partially, deleting the addition of undisclosed bank account deposits and interest income while upholding the disallowance of the deduction for provision for doubtful debts. The Tribunal accepted the assessee's explanation for the deposits based on the opening cash balance and previous income acceptance, leading to the deletion of the addition under section 68 of the Income Tax Act. However, the disallowance of the deduction for provision for doubtful debts was upheld due to the debts not being written off in the books of accounts, as required for substantiation. en-us Fri, 25 May 2018 00:00:00 +0530 Mon, 28 May 2018 10:57:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361043 The Tribunal allowed the appeal partially, deleting the addition of undisclosed bank account deposits and interest income while upholding the disallowance of the deduction for provision for doubtful debts. The Tribunal accepted the assessee's explanation for the deposits based on the opening cash balance and previous income acceptance, leading to the deletion of the addition under section 68 of the Income Tax Act. However, the disallowance of the deduction for provision for doubtful debts was upheld due to the debts not being written off in the books of accounts, as required for substantiation. Case-Laws Income Tax Fri, 25 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361043