https://www.taxtmi.com/caselaws?id=419035 The Tribunal ruled in favor of the assessee on both issues. It found that the assessing officer did not provide concrete evidence to support the unexplained cash deposits and the addition claimed to be inherited from the deceased brother. The Tribunal emphasized the importance of substantiating claims with sufficient evidence and criticized the authorities for relying on conjectures rather than facts. As a result, the appeal was allowed in favor of the assessee, highlighting the need for thorough and evidence-based decision-making by assessing officers. en-us Tue, 22 Feb 2022 00:00:00 +0530 Wed, 02 Mar 2022 08:35:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419035 The Tribunal ruled in favor of the assessee on both issues. It found that the assessing officer did not provide concrete evidence to support the unexplained cash deposits and the addition claimed to be inherited from the deceased brother. The Tribunal emphasized the importance of substantiating claims with sufficient evidence and criticized the authorities for relying on conjectures rather than facts. As a result, the appeal was allowed in favor of the assessee, highlighting the need for thorough and evidence-based decision-making by assessing officers. Case-Laws Income Tax Tue, 22 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419035