https://www.taxtmi.com/caselaws?id=281955 The Tribunal upheld the additions made by the Assessing Officer (AO) under Section 68 of the Income Tax Act, 1961, regarding unexplained cash credits and unaccounted bank interest. The Tribunal also supported the deletion of additions under Section 69 related to unexplained cash deposits and insurance policy maturity value. The decisions ensured that income was correctly attributed to the rightful owners, preventing double taxation. Both the Assessee's and the Revenue's appeals were dismissed, affirming the Commissioner of Income Tax (Appeals)'s decisions. en-us Tue, 18 Sep 2018 00:00:00 +0530 Sun, 14 Jul 2019 15:54:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281955 The Tribunal upheld the additions made by the Assessing Officer (AO) under Section 68 of the Income Tax Act, 1961, regarding unexplained cash credits and unaccounted bank interest. The Tribunal also supported the deletion of additions under Section 69 related to unexplained cash deposits and insurance policy maturity value. The decisions ensured that income was correctly attributed to the rightful owners, preventing double taxation. Both the Assessee's and the Revenue's appeals were dismissed, affirming the Commissioner of Income Tax (Appeals)'s decisions. Case-Laws Income Tax Tue, 18 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281955