https://www.taxtmi.com/caselaws?id=396722 The Tribunal allowed the appeal for statistical purposes, setting aside the CIT(A)'s order that confirmed the addition of Rs. 11,00,000 as unexplained cash credit by the AO. The Tribunal accepted the assessee's explanation that the cash advances were received by the wife against the sale of her property and deposited in a joint account, supported by documentary evidence. The matter was remanded to the AO for fresh consideration, with the Tribunal excluding lockdown days in the order pronouncement due to the COVID-19 pandemic, following a Mumbai Tribunal decision. en-us Fri, 22 May 2020 00:00:00 +0530 Fri, 17 Jul 2020 10:28:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396722 The Tribunal allowed the appeal for statistical purposes, setting aside the CIT(A)'s order that confirmed the addition of Rs. 11,00,000 as unexplained cash credit by the AO. The Tribunal accepted the assessee's explanation that the cash advances were received by the wife against the sale of her property and deposited in a joint account, supported by documentary evidence. The matter was remanded to the AO for fresh consideration, with the Tribunal excluding lockdown days in the order pronouncement due to the COVID-19 pandemic, following a Mumbai Tribunal decision. Case-Laws Income Tax Fri, 22 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396722