https://www.taxtmi.com/caselaws?id=406278 The Appellate Tribunal partially allowed the appeal of the individual assessee regarding unexplained cash deposits in the bank account for A.Y 2015-16. The Tribunal accepted 50% of ATM withdrawals and marriage gifts as legitimate sources for cash deposits but rejected the gift received from the brother through a banking channel as a source for cash deposits. The Tribunal directed the Assessing Officer to verify bank accounts and reconsider the issue, providing partial relief to the assessee by accepting some sources of cash deposits and rejecting others. en-us Thu, 08 Apr 2021 00:00:00 +0530 Sat, 10 Apr 2021 09:03:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406278 The Appellate Tribunal partially allowed the appeal of the individual assessee regarding unexplained cash deposits in the bank account for A.Y 2015-16. The Tribunal accepted 50% of ATM withdrawals and marriage gifts as legitimate sources for cash deposits but rejected the gift received from the brother through a banking channel as a source for cash deposits. The Tribunal directed the Assessing Officer to verify bank accounts and reconsider the issue, providing partial relief to the assessee by accepting some sources of cash deposits and rejecting others. Case-Laws Income Tax Thu, 08 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406278