https://www.taxtmi.com/caselaws?id=397721 The ITAT Kolkata allowed the appeal regarding the assessment of unexplained cash credits in bank deposits, directing deletion of the addition. However, the levy of interest under section 234B was upheld as mandatory. The judgment emphasized the evidence presented by the assessee and legal arguments on the treatment of cash deposits and interest levy. en-us Wed, 19 Aug 2020 00:00:00 +0530 Wed, 26 Aug 2020 10:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397721 The ITAT Kolkata allowed the appeal regarding the assessment of unexplained cash credits in bank deposits, directing deletion of the addition. However, the levy of interest under section 234B was upheld as mandatory. The judgment emphasized the evidence presented by the assessee and legal arguments on the treatment of cash deposits and interest levy. Case-Laws Income Tax Wed, 19 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397721