https://www.taxtmi.com/caselaws?id=429654 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition made by the AO. The Tribunal found that the cash deposits were explained by the cash balance available as per the books of account, emphasizing the lack of evidence against the assessee's explanation. Additionally, the Tribunal noted the Department's failure to take adequate steps to retrieve necessary information during the search. en-us Mon, 31 Oct 2022 00:00:00 +0530 Wed, 02 Nov 2022 09:12:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429654 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition made by the AO. The Tribunal found that the cash deposits were explained by the cash balance available as per the books of account, emphasizing the lack of evidence against the assessee's explanation. Additionally, the Tribunal noted the Department's failure to take adequate steps to retrieve necessary information during the search. Case-Laws Income Tax Mon, 31 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429654