https://www.taxtmi.com/caselaws?id=426360 The Tribunal partially allowed the appeal, ruling that the cash deposits of Rs. 14.41 lakh were from the sale proceeds of the property and should not be deemed unexplained. The addition under Section 69A was removed, and the decision favored the assessee. The Tribunal found the explanation regarding the source of the cash deposits credible, contrasting the Assessing Officer and CIT(A)'s rejection. en-us Fri, 12 Aug 2022 00:00:00 +0530 Tue, 16 Aug 2022 09:03:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426360 The Tribunal partially allowed the appeal, ruling that the cash deposits of Rs. 14.41 lakh were from the sale proceeds of the property and should not be deemed unexplained. The addition under Section 69A was removed, and the decision favored the assessee. The Tribunal found the explanation regarding the source of the cash deposits credible, contrasting the Assessing Officer and CIT(A)'s rejection. Case-Laws Income Tax Fri, 12 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426360