https://www.taxtmi.com/caselaws?id=397142 The ITAT allowed the appeals of the assessees, directing the deletion of additions made by the tax authorities. The ITAT found that the assessee adequately explained the sources of the deposits and concluded that the tax authorities' determinations were based on suspicion, conjectures, and biases. The order was pronounced in the Open Court on 13th July 2020. en-us Mon, 13 Jul 2020 00:00:00 +0530 Thu, 06 Aug 2020 07:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397142 The ITAT allowed the appeals of the assessees, directing the deletion of additions made by the tax authorities. The ITAT found that the assessee adequately explained the sources of the deposits and concluded that the tax authorities' determinations were based on suspicion, conjectures, and biases. The order was pronounced in the Open Court on 13th July 2020. Case-Laws Income Tax Mon, 13 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397142