https://www.taxtmi.com/caselaws?id=391574 The Accountant Member partially allowed the assessee's appeal in a tax case involving the addition of Rs. 30.00 lakhs under section 68 of the Income Tax Act. The Member found that the assessee successfully proved the identity and creditworthiness of the creditors, her brother and mother, leading to the deletion of additions amounting to Rs. 12.00 lakhs and Rs. 4.00 lakhs. However, the issue of verifying sources for a remaining deposit of Rs. 14.00 lakhs was remanded to the Assessing Officer for further examination based on the cash withdrawal statement provided by the assessee. en-us Thu, 19 Dec 2019 00:00:00 +0530 Sat, 01 Feb 2020 07:57:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391574 The Accountant Member partially allowed the assessee's appeal in a tax case involving the addition of Rs. 30.00 lakhs under section 68 of the Income Tax Act. The Member found that the assessee successfully proved the identity and creditworthiness of the creditors, her brother and mother, leading to the deletion of additions amounting to Rs. 12.00 lakhs and Rs. 4.00 lakhs. However, the issue of verifying sources for a remaining deposit of Rs. 14.00 lakhs was remanded to the Assessing Officer for further examination based on the cash withdrawal statement provided by the assessee. Case-Laws Income Tax Thu, 19 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391574