https://www.taxtmi.com/caselaws?id=365784 The ITAT upheld the CIT(A)'s decision to delete the protective addition related to amounts received from FTUMPT, dismissing the revenue's appeals for AYs 2004-05, 2005-06, and 2006-07. Regarding the addition of unexplained cash deposits, the ITAT remanded the issue to the AO for fresh examination, instructing deletion if satisfactorily explained or determining peak credit if not. The ITAT allowed the assessee's appeals for AYs 2006-07 to 2010-11 for statistical purposes. en-us Tue, 21 Aug 2018 00:00:00 +0530 Thu, 23 Aug 2018 09:36:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365784 The ITAT upheld the CIT(A)'s decision to delete the protective addition related to amounts received from FTUMPT, dismissing the revenue's appeals for AYs 2004-05, 2005-06, and 2006-07. Regarding the addition of unexplained cash deposits, the ITAT remanded the issue to the AO for fresh examination, instructing deletion if satisfactorily explained or determining peak credit if not. The ITAT allowed the assessee's appeals for AYs 2006-07 to 2010-11 for statistical purposes. Case-Laws Income Tax Tue, 21 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365784