https://www.taxtmi.com/caselaws?id=27717 The Tribunal's decision to delete the addition of Rs. 28,000 from the assessee's income was upheld by the court. The court found that the Tribunal's acceptance of the alternative plea, linking the deposits to withdrawals from the previous year, was supported by positive evidence. The court held that the assessee was not debarred from taking such a plea, and the deletion of the addition was deemed correct under Section 68 of the Income-tax Act, 1961. The outcome favored the assessee over the Revenue. en-us Tue, 11 Oct 1983 00:00:00 +0530 Mon, 15 Feb 2010 15:49:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27717 The Tribunal's decision to delete the addition of Rs. 28,000 from the assessee's income was upheld by the court. The court found that the Tribunal's acceptance of the alternative plea, linking the deposits to withdrawals from the previous year, was supported by positive evidence. The court held that the assessee was not debarred from taking such a plea, and the deletion of the addition was deemed correct under Section 68 of the Income-tax Act, 1961. The outcome favored the assessee over the Revenue. Case-Laws Income Tax Tue, 11 Oct 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27717