https://www.taxtmi.com/caselaws?id=278126 The Tribunal allowed the appeal of the assessee, deleting the addition of Rs. 11,00,000 made by the AO under section 68 of the Income Tax Act. The Tribunal found the taxing based on presumptions unjustifiable and held that the revenue failed to prove the cash deposit other than withdrawals from the bank account. Therefore, the addition was deleted in favor of the assessee. en-us Fri, 12 Apr 2013 00:00:00 +0530 Fri, 11 Jan 2019 14:06:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278126 The Tribunal allowed the appeal of the assessee, deleting the addition of Rs. 11,00,000 made by the AO under section 68 of the Income Tax Act. The Tribunal found the taxing based on presumptions unjustifiable and held that the revenue failed to prove the cash deposit other than withdrawals from the bank account. Therefore, the addition was deleted in favor of the assessee. Case-Laws Income Tax Fri, 12 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278126