https://www.taxtmi.com/caselaws?id=400948 The Tribunal allowed the appeal for statistical purposes, granting the assessee an opportunity to prove the source of unexplained cash deposits during the demonetization period. The Tribunal emphasized the need for cooperation and the provision of necessary evidence to support the claim that the cash deposits were legitimate, directing the issue back to the Assessing Officer for further examination. This decision aimed to provide a fair chance for the assessee to clarify the transactions and potentially reduce the tax liability associated with the assessed income. en-us Fri, 20 Nov 2020 00:00:00 +0530 Mon, 23 Nov 2020 14:34:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400948 The Tribunal allowed the appeal for statistical purposes, granting the assessee an opportunity to prove the source of unexplained cash deposits during the demonetization period. The Tribunal emphasized the need for cooperation and the provision of necessary evidence to support the claim that the cash deposits were legitimate, directing the issue back to the Assessing Officer for further examination. This decision aimed to provide a fair chance for the assessee to clarify the transactions and potentially reduce the tax liability associated with the assessed income. Case-Laws Income Tax Fri, 20 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400948