https://www.taxtmi.com/caselaws?id=405128 The Tribunal dismissed the grounds related to the validity of the notice due to incorrect service, as the appellant withdrew the challenge and the notice was issued based on the address available with the Assessing Officer. Regarding the assessment of income based on bank deposits, the Tribunal set aside the matter for reassessment, noting the need for verification of the appellant's explanation with supporting evidence. The appeal was allowed for statistical purposes, requiring the Assessing Officer to properly consider the deposits in relation to withdrawals. en-us Tue, 19 Jan 2021 00:00:00 +0530 Fri, 12 Mar 2021 08:37:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405128 The Tribunal dismissed the grounds related to the validity of the notice due to incorrect service, as the appellant withdrew the challenge and the notice was issued based on the address available with the Assessing Officer. Regarding the assessment of income based on bank deposits, the Tribunal set aside the matter for reassessment, noting the need for verification of the appellant's explanation with supporting evidence. The appeal was allowed for statistical purposes, requiring the Assessing Officer to properly consider the deposits in relation to withdrawals. Case-Laws Income Tax Tue, 19 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405128