https://www.taxtmi.com/caselaws?id=295406 The Tribunal upheld the CIT(A)'s decisions on both disputes, directing the Assessing Officer to delete the additions of Rs. 10,29,846/- for credit card payments and Rs. 1,41,250/- for unexplained cash credit. The Tribunal found the explanations provided by the assessee satisfactory, with no discrepancies in the transactions, and accepted the cash flow statement as evidence supporting the redeposited withdrawals. The revenue's appeal was dismissed, affirming the deletions of the disputed amounts. en-us Wed, 26 Sep 2012 00:00:00 +0530 Wed, 02 Jun 2021 11:42:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295406 The Tribunal upheld the CIT(A)'s decisions on both disputes, directing the Assessing Officer to delete the additions of Rs. 10,29,846/- for credit card payments and Rs. 1,41,250/- for unexplained cash credit. The Tribunal found the explanations provided by the assessee satisfactory, with no discrepancies in the transactions, and accepted the cash flow statement as evidence supporting the redeposited withdrawals. The revenue's appeal was dismissed, affirming the deletions of the disputed amounts. Case-Laws Income Tax Wed, 26 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295406