https://www.taxtmi.com/caselaws?id=377650 The Tribunal allowed the appeals filed by the Revenue for statistical purposes and remitted the issue to the Assessing Officer (AO) for fresh consideration. The AO was directed to verify if the deposits in the HSBC Bank account were sourced from India and to examine the relevant bank account statements provided by the assessee. The Tribunal emphasized the importance of establishing the source of the deposits before taxing them, highlighting the burden of proof on the AO. en-us Tue, 19 Mar 2019 00:00:00 +0530 Mon, 01 Apr 2019 10:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377650 The Tribunal allowed the appeals filed by the Revenue for statistical purposes and remitted the issue to the Assessing Officer (AO) for fresh consideration. The AO was directed to verify if the deposits in the HSBC Bank account were sourced from India and to examine the relevant bank account statements provided by the assessee. The Tribunal emphasized the importance of establishing the source of the deposits before taxing them, highlighting the burden of proof on the AO. Case-Laws Income Tax Tue, 19 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377650