https://www.taxtmi.com/caselaws?id=390374 The Tribunal held that the Assessing Officer's addition of cash deposits in the assessee's savings bank account was not justified as the deposits were explained to be from cash in hand of a company where the assessee was a majority shareholder. The Tribunal found the addition under Section 69 without proper opportunity for the assessee to be heard to be illegal and bad in law. Consequently, the addition was deleted, and the appeal of the assessee was allowed. en-us Thu, 19 Dec 2019 00:00:00 +0530 Tue, 31 Dec 2019 15:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390374 The Tribunal held that the Assessing Officer's addition of cash deposits in the assessee's savings bank account was not justified as the deposits were explained to be from cash in hand of a company where the assessee was a majority shareholder. The Tribunal found the addition under Section 69 without proper opportunity for the assessee to be heard to be illegal and bad in law. Consequently, the addition was deleted, and the appeal of the assessee was allowed. Case-Laws Income Tax Thu, 19 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390374