https://www.taxtmi.com/caselaws?id=362220 The appeal was allowed, and the additions made by the Commissioner of Income Tax (Appeals) were deleted. The Vice President held that the source of cash deposits was adequately explained by the assessee, leading to the deletion of certain additions related to bank account deposits. Additionally, the enhancement of income by adding loans raised by the assessee from two parties was deemed unjustified as it exceeded the original assessment scope. Therefore, the additions regarding the loans were also ordered to be deleted. en-us Tue, 19 Jun 2018 00:00:00 +0530 Thu, 21 Jun 2018 06:24:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362220 The appeal was allowed, and the additions made by the Commissioner of Income Tax (Appeals) were deleted. The Vice President held that the source of cash deposits was adequately explained by the assessee, leading to the deletion of certain additions related to bank account deposits. Additionally, the enhancement of income by adding loans raised by the assessee from two parties was deemed unjustified as it exceeded the original assessment scope. Therefore, the additions regarding the loans were also ordered to be deleted. Case-Laws Income Tax Tue, 19 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362220