https://www.taxtmi.com/caselaws?id=280639 The Appellate Tribunal ITAT Mumbai ruled in favor of the assessee in a case involving the addition made on a protective basis in the assessee's hands regarding deposits in a joint bank account. The Tribunal upheld the deletion of the addition based on the lack of unexplained cash credits found in the bank accounts, as confirmed by the remand report of the Assessing Officer. The decision emphasized the absence of contradictory evidence from the Revenue, leading to the dismissal of the Revenue's appeal. en-us Wed, 10 Jun 2015 00:00:00 +0530 Wed, 15 May 2019 07:26:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280639 The Appellate Tribunal ITAT Mumbai ruled in favor of the assessee in a case involving the addition made on a protective basis in the assessee's hands regarding deposits in a joint bank account. The Tribunal upheld the deletion of the addition based on the lack of unexplained cash credits found in the bank accounts, as confirmed by the remand report of the Assessing Officer. The decision emphasized the absence of contradictory evidence from the Revenue, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Wed, 10 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280639