https://www.taxtmi.com/caselaws?id=416622 The appeal was filed against the order passed by the CIT(A) for the Assessment Year 2008-09. The Assessing Officer had reopened the case based on information about cash deposits in the bank account, adding them as unexplained income under Section 68. The ITAT remanded the case back to the Assessing Officer for proper adjudication of additional evidence and IPO details to verify the source of cash deposits. The ITAT partly allowed the appeal for statistical purposes, affirming the transfer of the case and partially allowing the treatment of cash deposits in the context of share trading business. en-us Fri, 10 Dec 2021 00:00:00 +0530 Mon, 03 Jan 2022 08:27:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416622 The appeal was filed against the order passed by the CIT(A) for the Assessment Year 2008-09. The Assessing Officer had reopened the case based on information about cash deposits in the bank account, adding them as unexplained income under Section 68. The ITAT remanded the case back to the Assessing Officer for proper adjudication of additional evidence and IPO details to verify the source of cash deposits. The ITAT partly allowed the appeal for statistical purposes, affirming the transfer of the case and partially allowing the treatment of cash deposits in the context of share trading business. Case-Laws Income Tax Fri, 10 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416622