https://www.taxtmi.com/caselaws?id=369524 The Tribunal modified the addition of income from unexplained sources under Section 69A of the Income Tax Act from Rs. 11,49,000 to Rs. 4,67,750. This adjustment was based on a detailed analysis of the nexus between cash withdrawals and deposits, as well as the availability of cash in hand. The Tribunal partially allowed the appeal, while dismissing the ground related to the reopening of assessment under Section 147 as not pressed. en-us Wed, 11 Jul 2018 00:00:00 +0530 Tue, 30 Oct 2018 10:04:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369524 The Tribunal modified the addition of income from unexplained sources under Section 69A of the Income Tax Act from Rs. 11,49,000 to Rs. 4,67,750. This adjustment was based on a detailed analysis of the nexus between cash withdrawals and deposits, as well as the availability of cash in hand. The Tribunal partially allowed the appeal, while dismissing the ground related to the reopening of assessment under Section 147 as not pressed. Case-Laws Income Tax Wed, 11 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369524