https://www.taxtmi.com/caselaws?id=280251 The ITAT allowed the Revenue's appeal, directing the Assessing Officer to reassess the legitimacy of disputed amounts in the capital account. The ITAT found the Assessing Officer's additions lacked merit and ordered the deletion of the unexplained investment in the capital account. Additionally, the ITAT set aside the CIT(A)'s decision regarding the opening cash balance and advances, instructing a reevaluation of the cash flow statement and supporting documents to determine the validity of these amounts. en-us Wed, 22 Jan 2014 00:00:00 +0530 Sat, 27 Apr 2019 06:36:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280251 The ITAT allowed the Revenue's appeal, directing the Assessing Officer to reassess the legitimacy of disputed amounts in the capital account. The ITAT found the Assessing Officer's additions lacked merit and ordered the deletion of the unexplained investment in the capital account. Additionally, the ITAT set aside the CIT(A)'s decision regarding the opening cash balance and advances, instructing a reevaluation of the cash flow statement and supporting documents to determine the validity of these amounts. Case-Laws Income Tax Wed, 22 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280251