https://www.taxtmi.com/caselaws?id=398109 The appeal of the assessee was allowed by the Tribunal, with the addition of Rs. 21,05,000 under section 69 being deleted. The Tribunal found a direct nexus between the cash deposit and the sale proceeds of land, concluding that the source of the deposit was legitimate. Other issues raised by the assessee regarding the validity of the assessment were not specifically addressed as they became academic due to the decision on the merits of the case. en-us Thu, 03 Sep 2020 00:00:00 +0530 Mon, 07 Sep 2020 10:09:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398109 The appeal of the assessee was allowed by the Tribunal, with the addition of Rs. 21,05,000 under section 69 being deleted. The Tribunal found a direct nexus between the cash deposit and the sale proceeds of land, concluding that the source of the deposit was legitimate. Other issues raised by the assessee regarding the validity of the assessment were not specifically addressed as they became academic due to the decision on the merits of the case. Case-Laws Income Tax Thu, 03 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398109