https://www.taxtmi.com/caselaws?id=404647 Cash deposits in the assessee's bank account were treated as unexplained income because the explanation of opening cash in hand, sale proceeds of closing stock, and realisation from debtors was not supported by primary or corroborative evidence. The Tribunal did not finally sustain or delete the addition; instead, it restored the matter to the Assessing Officer for fresh verification, holding that the assessee should be given one final opportunity to substantiate the source of the deposits with evidence. The issue was remitted for a fresh decision in the interest of justice. en-us Thu, 18 Feb 2021 00:00:00 +0530 Sat, 27 Feb 2021 11:26:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404647 Cash deposits in the assessee's bank account were treated as unexplained income because the explanation of opening cash in hand, sale proceeds of closing stock, and realisation from debtors was not supported by primary or corroborative evidence. The Tribunal did not finally sustain or delete the addition; instead, it restored the matter to the Assessing Officer for fresh verification, holding that the assessee should be given one final opportunity to substantiate the source of the deposits with evidence. The issue was remitted for a fresh decision in the interest of justice. Case-Laws Income Tax Thu, 18 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404647