https://www.taxtmi.com/caselaws?id=283260 The Tribunal set aside the Commissioner of Income Tax (Appeals)'s decision confirming the addition of Rs. 52 lacs as unexplained cash deposit under Section 68 of the Income Tax Act, 1961. The Tribunal remanded the matter back to the Assessing Officer, granting the assessee another opportunity to prove the source of the cash deposit. The Tribunal stressed the importance of providing credible evidence to substantiate the origin of the deposit in the remand proceedings. en-us Fri, 10 Apr 2015 00:00:00 +0530 Mon, 16 Sep 2019 18:23:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283260 The Tribunal set aside the Commissioner of Income Tax (Appeals)'s decision confirming the addition of Rs. 52 lacs as unexplained cash deposit under Section 68 of the Income Tax Act, 1961. The Tribunal remanded the matter back to the Assessing Officer, granting the assessee another opportunity to prove the source of the cash deposit. The Tribunal stressed the importance of providing credible evidence to substantiate the origin of the deposit in the remand proceedings. Case-Laws Income Tax Fri, 10 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283260