https://www.taxtmi.com/caselaws?id=385002 The appeal was allowed, and the addition of Rs. 16,00,000/- was directed to be deleted. The Tribunal found the tax authorities' insistence on a written agreement and the suspicion of funds being used elsewhere to be unsupported by evidence. The judgment emphasized the need to consider the peculiar circumstances of each case when evaluating the reasonableness of explanations for cash transactions. en-us Wed, 03 Jul 2019 00:00:00 +0530 Wed, 28 Aug 2019 07:53:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385002 The appeal was allowed, and the addition of Rs. 16,00,000/- was directed to be deleted. The Tribunal found the tax authorities' insistence on a written agreement and the suspicion of funds being used elsewhere to be unsupported by evidence. The judgment emphasized the need to consider the peculiar circumstances of each case when evaluating the reasonableness of explanations for cash transactions. Case-Laws Income Tax Wed, 03 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385002