https://www.taxtmi.com/caselaws?id=430396 The ITAT Delhi allowed the assessee's appeal, overturning the addition of Rs.75,000 as unexplained cash deposit for AY 2017-18. The tribunal found the authorities' decision unjustified, considering the explanation provided by the assessee regarding the cash withdrawal and redeposit. Emphasizing the importance of providing opportunities for explanation and considering all relevant facts, the tribunal set aside the lower authorities' orders in favor of the assessee. en-us Tue, 15 Nov 2022 00:00:00 +0530 Fri, 18 Nov 2022 10:34:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430396 The ITAT Delhi allowed the assessee's appeal, overturning the addition of Rs.75,000 as unexplained cash deposit for AY 2017-18. The tribunal found the authorities' decision unjustified, considering the explanation provided by the assessee regarding the cash withdrawal and redeposit. Emphasizing the importance of providing opportunities for explanation and considering all relevant facts, the tribunal set aside the lower authorities' orders in favor of the assessee. Case-Laws Income Tax Tue, 15 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430396