https://www.taxtmi.com/caselaws?id=419929 The Tribunal held that the addition of Rs. 12,83,200 for unexplained cash deposits was unwarranted, as the analysis showed the deposits were insignificant compared to total deposits. Considering the joint account and business activities, the Tribunal found the appellant's attribution of cash deposits reasonable. Emphasizing the need for proper cash flow analysis, the Tribunal directed the deletion of the addition, allowing the Assessee's appeal. en-us Wed, 09 Mar 2022 00:00:00 +0530 Wed, 23 Mar 2022 08:39:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419929 The Tribunal held that the addition of Rs. 12,83,200 for unexplained cash deposits was unwarranted, as the analysis showed the deposits were insignificant compared to total deposits. Considering the joint account and business activities, the Tribunal found the appellant's attribution of cash deposits reasonable. Emphasizing the need for proper cash flow analysis, the Tribunal directed the deletion of the addition, allowing the Assessee's appeal. Case-Laws Income Tax Wed, 09 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419929