https://www.taxtmi.com/caselaws?id=394557 The tribunal partially allowed the appeal challenging the addition of Rs. 35,80,000 under section 69A of the Income Tax Act, 1961. It accepted explanations for a portion of the cash deposits as sourced from pension withdrawals and past agricultural savings. The tribunal deemed affidavits as having evidentiary value and ordered a re-examination by the Assessing Officer. The assessee was granted relief of Rs. 16,00,000, with further opportunity to present additional evidence for the remaining unexplained cash deposit. en-us Wed, 05 Feb 2020 00:00:00 +0530 Thu, 16 Apr 2020 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394557 The tribunal partially allowed the appeal challenging the addition of Rs. 35,80,000 under section 69A of the Income Tax Act, 1961. It accepted explanations for a portion of the cash deposits as sourced from pension withdrawals and past agricultural savings. The tribunal deemed affidavits as having evidentiary value and ordered a re-examination by the Assessing Officer. The assessee was granted relief of Rs. 16,00,000, with further opportunity to present additional evidence for the remaining unexplained cash deposit. Case-Laws Income Tax Wed, 05 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394557