https://www.taxtmi.com/caselaws?id=367568 The Tribunal upheld the CIT(A)'s decision to delete additions related to unexplained cash deposits and fixed deposits in the society's bank account. The Tribunal found that the society's existence was supported by registration certificates, PAN card, and other documents, indicating that the funds belonged to the society. Additionally, the Tribunal noted that the fixed deposits and interest accrued were attributed to the society based on audited financial statements. The revenue's appeal was dismissed, affirming the deletions made by the CIT(A) regarding the ownership of the funds by the society. en-us Wed, 19 Sep 2018 00:00:00 +0530 Sat, 22 Sep 2018 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367568 The Tribunal upheld the CIT(A)'s decision to delete additions related to unexplained cash deposits and fixed deposits in the society's bank account. The Tribunal found that the society's existence was supported by registration certificates, PAN card, and other documents, indicating that the funds belonged to the society. Additionally, the Tribunal noted that the fixed deposits and interest accrued were attributed to the society based on audited financial statements. The revenue's appeal was dismissed, affirming the deletions made by the CIT(A) regarding the ownership of the funds by the society. Case-Laws Income Tax Wed, 19 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367568