https://www.taxtmi.com/caselaws?id=410386 The ITAT remitted the issue of assessing unexplained cash deposits as income from other sources for A.Y. 2014-15 back to the AO for reconsideration due to discrepancies in timing and incomplete information. The appellant, engaged in coconut business, explained that the cash deposits were from crop sales for the father's treatment. Cooperation between the appellant and the AO was emphasized for a fair assessment. The appeal was treated as allowed for statistical purposes, stressing the necessity of providing detailed information for accurate tax assessments and cooperation between taxpayers and tax authorities. en-us Mon, 26 Jul 2021 00:00:00 +0530 Sat, 31 Jul 2021 09:47:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410386 The ITAT remitted the issue of assessing unexplained cash deposits as income from other sources for A.Y. 2014-15 back to the AO for reconsideration due to discrepancies in timing and incomplete information. The appellant, engaged in coconut business, explained that the cash deposits were from crop sales for the father's treatment. Cooperation between the appellant and the AO was emphasized for a fair assessment. The appeal was treated as allowed for statistical purposes, stressing the necessity of providing detailed information for accurate tax assessments and cooperation between taxpayers and tax authorities. Case-Laws Income Tax Mon, 26 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410386