https://www.taxtmi.com/caselaws?id=417368 The ITAT Ahmedabad allowed the assessee's appeal, directing the Assessing Officer to reconsider the addition made to the income due to unexplained cash deposits. The ITAT emphasized that the authorities had not adequately considered the explanations and evidence provided by the assessee, including sources of cash deposits such as income from tuition and withdrawals. The decision highlighted the importance of a comprehensive review of all submissions before determining the nature of cash deposits and reiterated the principle of natural justice in tax assessments. en-us Mon, 10 Jan 2022 00:00:00 +0530 Fri, 21 Jan 2022 08:53:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417368 The ITAT Ahmedabad allowed the assessee's appeal, directing the Assessing Officer to reconsider the addition made to the income due to unexplained cash deposits. The ITAT emphasized that the authorities had not adequately considered the explanations and evidence provided by the assessee, including sources of cash deposits such as income from tuition and withdrawals. The decision highlighted the importance of a comprehensive review of all submissions before determining the nature of cash deposits and reiterated the principle of natural justice in tax assessments. Case-Laws Income Tax Mon, 10 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417368