https://www.taxtmi.com/caselaws?id=421910 The tribunal partially allowed the appeal filed by the assessee, directing the Assessing Officer to delete the addition of unexplained cash credit of Rs. 11,44,000. The tribunal found that the assessee had sufficiently proven that the cash deposits were gifts received from family members engaged in agricultural activities in India. It emphasized the importance of verifying documentary evidence in tax assessments and highlighted the revenue's failure to provide contrary evidence. The tribunal also dismissed the jurisdictional challenge as unnecessary for the final decision. en-us Fri, 29 Apr 2022 00:00:00 +0530 Wed, 04 May 2022 08:32:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421910 The tribunal partially allowed the appeal filed by the assessee, directing the Assessing Officer to delete the addition of unexplained cash credit of Rs. 11,44,000. The tribunal found that the assessee had sufficiently proven that the cash deposits were gifts received from family members engaged in agricultural activities in India. It emphasized the importance of verifying documentary evidence in tax assessments and highlighted the revenue's failure to provide contrary evidence. The tribunal also dismissed the jurisdictional challenge as unnecessary for the final decision. Case-Laws Income Tax Fri, 29 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421910