https://www.taxtmi.com/caselaws?id=425503 The Tribunal held that the interest credited in the Escrow Account should not be taxed in the relevant assessment years as the assessees had no right to receive it until the tax liabilities were resolved. The addition made by the Assessing Officer and upheld by the CIT(A) was deleted. Regarding the addition of Rs.17,73,900 towards unexplained cash deposits, the Tribunal directed a re-examination by the AO after considering additional evidence, remanding the issue for fresh consideration. Appeals in some matters were allowed, while one was partly allowed. en-us Wed, 15 Jun 2022 00:00:00 +0530 Mon, 25 Jul 2022 09:48:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425503 The Tribunal held that the interest credited in the Escrow Account should not be taxed in the relevant assessment years as the assessees had no right to receive it until the tax liabilities were resolved. The addition made by the Assessing Officer and upheld by the CIT(A) was deleted. Regarding the addition of Rs.17,73,900 towards unexplained cash deposits, the Tribunal directed a re-examination by the AO after considering additional evidence, remanding the issue for fresh consideration. Appeals in some matters were allowed, while one was partly allowed. Case-Laws Income Tax Wed, 15 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425503