https://www.taxtmi.com/caselaws?id=372295 The tribunal allowed the appeal of the assessee for statistical purposes, holding that cash withdrawals were available for deposit and could not be treated as undisclosed income. The tribunal found the loans from individuals to be unreliable due to undisclosed agricultural income and self-generated documents. It concluded that bank statements are not part of the books of accounts and ordered a fresh adjudication by the Assessing Officer in line with legal provisions and precedent. en-us Tue, 11 Dec 2018 00:00:00 +0530 Wed, 10 Apr 2019 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372295 The tribunal allowed the appeal of the assessee for statistical purposes, holding that cash withdrawals were available for deposit and could not be treated as undisclosed income. The tribunal found the loans from individuals to be unreliable due to undisclosed agricultural income and self-generated documents. It concluded that bank statements are not part of the books of accounts and ordered a fresh adjudication by the Assessing Officer in line with legal provisions and precedent. Case-Laws Income Tax Tue, 11 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372295