https://www.taxtmi.com/caselaws?id=381458 The Tribunal allowed the appeals for AY 2005-06 and 2006-07, deleting the additions made by the CIT(A) for unexplained income. Despite discrepancies in signatures and timing of confirmation letters, the Tribunal found no reason to doubt the legitimacy of the unexplained amounts, citing project involvement and confirmations from relatives. The Tribunal concluded that there were no grounds to suspect the transactions' genuineness or creditworthiness, leading to the deletion of the additions for both assessment years. en-us Thu, 16 May 2019 00:00:00 +0530 Wed, 12 Jun 2019 06:49:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381458 The Tribunal allowed the appeals for AY 2005-06 and 2006-07, deleting the additions made by the CIT(A) for unexplained income. Despite discrepancies in signatures and timing of confirmation letters, the Tribunal found no reason to doubt the legitimacy of the unexplained amounts, citing project involvement and confirmations from relatives. The Tribunal concluded that there were no grounds to suspect the transactions' genuineness or creditworthiness, leading to the deletion of the additions for both assessment years. Case-Laws Income Tax Thu, 16 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381458