https://www.taxtmi.com/caselaws?id=304669 Cash deposits were held to be explained where bank records showed a prior cash withdrawal and the first appellate premise that the withdrawal was by cheque was incorrect. The addition of Rs. 10,01,000 was deleted because the deposit was made shortly after the cash withdrawal from another account. A further deposit of Rs. 2,00,000 was also accepted as explained, as the assessment records had already accepted cash receipt from Ms. Swati and the surrounding banking entries supported the assessee's explanation. The substantive additions were therefore deleted, giving relief to the assessee. en-us Fri, 08 Jun 2018 00:00:00 +0530 Fri, 14 Oct 2022 08:46:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304669 Cash deposits were held to be explained where bank records showed a prior cash withdrawal and the first appellate premise that the withdrawal was by cheque was incorrect. The addition of Rs. 10,01,000 was deleted because the deposit was made shortly after the cash withdrawal from another account. A further deposit of Rs. 2,00,000 was also accepted as explained, as the assessment records had already accepted cash receipt from Ms. Swati and the surrounding banking entries supported the assessee's explanation. The substantive additions were therefore deleted, giving relief to the assessee. Case-Laws Income Tax Fri, 08 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304669