https://www.taxtmi.com/caselaws?id=430395 The Tribunal allowed the appeal of the assessee by deleting the addition of Rs. 10,37,260 sustained by the Commissioner (Appeals). The Tribunal found that the documentary evidence, including a confirmation letter from M/s. Sheela Credit & Leasing Ltd., supported the assessee's claim of receiving an advance for the property sale and subsequent repayment, establishing the source of the cash deposits. This decision overturned the initial findings and provided relief to the assessee regarding the disputed cash deposits in the bank account. en-us Mon, 14 Nov 2022 00:00:00 +0530 Fri, 18 Nov 2022 10:34:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430395 The Tribunal allowed the appeal of the assessee by deleting the addition of Rs. 10,37,260 sustained by the Commissioner (Appeals). The Tribunal found that the documentary evidence, including a confirmation letter from M/s. Sheela Credit & Leasing Ltd., supported the assessee's claim of receiving an advance for the property sale and subsequent repayment, establishing the source of the cash deposits. This decision overturned the initial findings and provided relief to the assessee regarding the disputed cash deposits in the bank account. Case-Laws Income Tax Mon, 14 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430395