https://www.taxtmi.com/caselaws?id=392783 Discrepancies between the return and Form 26AS, salary or professional receipts, cash deposits, and interest income required fresh verification because the assessee's explanations were supported by incomplete records and the source of the credits had not been properly examined. The matter was restored for reconsideration so the assessee could produce supporting evidence. The claim for exemption under section 54 was also remitted for fresh decision because it depended on further evidence, including the timing of transfer and sale documents, and had been rejected below largely for not being claimed in the original return. The additions and disallowance were therefore not finally sustained at this stage. en-us Tue, 25 Feb 2020 00:00:00 +0530 Fri, 28 Feb 2020 12:25:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392783 Discrepancies between the return and Form 26AS, salary or professional receipts, cash deposits, and interest income required fresh verification because the assessee's explanations were supported by incomplete records and the source of the credits had not been properly examined. The matter was restored for reconsideration so the assessee could produce supporting evidence. The claim for exemption under section 54 was also remitted for fresh decision because it depended on further evidence, including the timing of transfer and sale documents, and had been rejected below largely for not being claimed in the original return. The additions and disallowance were therefore not finally sustained at this stage. Case-Laws Income Tax Tue, 25 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392783