https://www.taxtmi.com/caselaws?id=423757 The Tribunal allowed the appeal, setting aside the additions of Rs. 30.00 lakhs under Section 69A and Rs. 2.40 lakhs for low withdrawals. The Tribunal found the additions unjustified, as the cash deposits corresponded with cash sales and showed a similar growth trend, and there was no evidence to suggest the assessee incurred more expenses than declared. en-us Fri, 10 Jun 2022 00:00:00 +0530 Tue, 14 Jun 2022 08:29:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423757 The Tribunal allowed the appeal, setting aside the additions of Rs. 30.00 lakhs under Section 69A and Rs. 2.40 lakhs for low withdrawals. The Tribunal found the additions unjustified, as the cash deposits corresponded with cash sales and showed a similar growth trend, and there was no evidence to suggest the assessee incurred more expenses than declared. Case-Laws Income Tax Fri, 10 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423757