https://www.taxtmi.com/caselaws?id=280314 The Tribunal partially allowed the appeal by deleting the addition of the unexplained fixed deposit of Rs. 35,00,000, as it was found to be sourced from the proceeds of a property sale, supported by documentation. However, the treatment of Rs. 25,06,000 as an unexplained cash credit was upheld due to insufficient evidence provided by the assessee regarding the source of the amount transferred. The decision was rendered on April 9, 2018, in Chennai. en-us Mon, 09 Apr 2018 00:00:00 +0530 Tue, 30 Apr 2019 20:37:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280314 The Tribunal partially allowed the appeal by deleting the addition of the unexplained fixed deposit of Rs. 35,00,000, as it was found to be sourced from the proceeds of a property sale, supported by documentation. However, the treatment of Rs. 25,06,000 as an unexplained cash credit was upheld due to insufficient evidence provided by the assessee regarding the source of the amount transferred. The decision was rendered on April 9, 2018, in Chennai. Case-Laws Income Tax Mon, 09 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280314