https://www.taxtmi.com/caselaws?id=418236 The Tribunal allowed the appeal, setting aside the addition of Rs. 12,97,600 made under section 69 of the Income-tax Act by the Assessing Officer. The Tribunal found the assessee's explanation regarding the source of the deposit in the joint bank account to be satisfactory, supported by evidence showing the funds originated from the wife's declared income from land transactions. The Tribunal concluded that the assessee had successfully proven the legitimacy of the deposit, directing the deletion of the addition in question in the final judgment delivered on 3rd February 2022. en-us Thu, 03 Feb 2022 00:00:00 +0530 Fri, 11 Feb 2022 07:22:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418236 The Tribunal allowed the appeal, setting aside the addition of Rs. 12,97,600 made under section 69 of the Income-tax Act by the Assessing Officer. The Tribunal found the assessee's explanation regarding the source of the deposit in the joint bank account to be satisfactory, supported by evidence showing the funds originated from the wife's declared income from land transactions. The Tribunal concluded that the assessee had successfully proven the legitimacy of the deposit, directing the deletion of the addition in question in the final judgment delivered on 3rd February 2022. Case-Laws Income Tax Thu, 03 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418236