https://www.taxtmi.com/caselaws?id=409864 The Tribunal allowed the appeal, holding that the reassessment proceedings were flawed and lacked proper verification. The addition of Rs. 11,33,000 based on alleged cash deposits was deleted due to insufficient evidence and lack of adherence to legal principles. The appellant's explanations supported by documentary evidence were deemed plausible, leading to the decision in favor of the appellant. The Tribunal emphasized the significance of accurate information, fair procedures, and adherence to natural justice in such proceedings. en-us Mon, 14 Jun 2021 00:00:00 +0530 Mon, 19 Jul 2021 10:23:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409864 The Tribunal allowed the appeal, holding that the reassessment proceedings were flawed and lacked proper verification. The addition of Rs. 11,33,000 based on alleged cash deposits was deleted due to insufficient evidence and lack of adherence to legal principles. The appellant's explanations supported by documentary evidence were deemed plausible, leading to the decision in favor of the appellant. The Tribunal emphasized the significance of accurate information, fair procedures, and adherence to natural justice in such proceedings. Case-Laws Income Tax Mon, 14 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409864