https://www.taxtmi.com/caselaws?id=372790 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision to delete an addition of Rs. 72,75,116/- in a case involving undisclosed income in bank accounts. The Tribunal found that the deposits were explained as compensation for land acquired by the government, already taxed in a previous assessment year. The Tribunal dismissed the Revenue's appeal, confirming that the source of deposits was adequately explained, and no addition was warranted. The order was pronounced on 20/12/2018. en-us Thu, 20 Dec 2018 00:00:00 +0530 Sat, 29 Dec 2018 11:33:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372790 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision to delete an addition of Rs. 72,75,116/- in a case involving undisclosed income in bank accounts. The Tribunal found that the deposits were explained as compensation for land acquired by the government, already taxed in a previous assessment year. The Tribunal dismissed the Revenue's appeal, confirming that the source of deposits was adequately explained, and no addition was warranted. The order was pronounced on 20/12/2018. Case-Laws Income Tax Thu, 20 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372790