https://www.taxtmi.com/caselaws?id=413372 The Court upheld the assessment of the unexplained cash deposit in the hands of the Hindu Undivided Family (HUF), ruling in favor of the Revenue. The Court found that the joint account funds rightly belonged to the HUF as the members lacked independent sources of income. The appeal challenging the addition of the cash deposit was dismissed, emphasizing the factual nature of the issues raised and supporting the Tribunal's decision. en-us Tue, 14 Sep 2021 00:00:00 +0530 Sat, 09 Oct 2021 08:21:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413372 The Court upheld the assessment of the unexplained cash deposit in the hands of the Hindu Undivided Family (HUF), ruling in favor of the Revenue. The Court found that the joint account funds rightly belonged to the HUF as the members lacked independent sources of income. The appeal challenging the addition of the cash deposit was dismissed, emphasizing the factual nature of the issues raised and supporting the Tribunal's decision. Case-Laws Income Tax Tue, 14 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413372