https://www.taxtmi.com/caselaws?id=425386 The Tribunal allowed the appeal, ruling that the addition under section 68 of the Income Tax Act was unjustified. The Tribunal found the assessee's explanation regarding the deposits in her bank account credible, supported by evidence related to share trading transactions. It concluded that the assessee had fulfilled her obligation to explain the source of the deposits, leading to the deletion of the Rs.20,50,422 addition made by the Revenue. en-us Wed, 13 Jul 2022 00:00:00 +0530 Fri, 22 Jul 2022 09:18:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425386 The Tribunal allowed the appeal, ruling that the addition under section 68 of the Income Tax Act was unjustified. The Tribunal found the assessee's explanation regarding the deposits in her bank account credible, supported by evidence related to share trading transactions. It concluded that the assessee had fulfilled her obligation to explain the source of the deposits, leading to the deletion of the Rs.20,50,422 addition made by the Revenue. Case-Laws Income Tax Wed, 13 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425386