https://www.taxtmi.com/caselaws?id=432668 The appellant successfully challenged additions made by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals) regarding alleged undisclosed payments/deposits and unaccounted money received from various persons. The Tribunal found that the appellant provided explanations and details of the transactions, which were not proven false. Considering the rebuttable presumption under section 292C, the Tribunal directed the deletion of the additions. Consequently, the appeal of the assessee was allowed, and the additions made by the AO and upheld by the CIT(A) were deleted. en-us Tue, 10 Jan 2023 00:00:00 +0530 Wed, 11 Jan 2023 08:44:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432668 The appellant successfully challenged additions made by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals) regarding alleged undisclosed payments/deposits and unaccounted money received from various persons. The Tribunal found that the appellant provided explanations and details of the transactions, which were not proven false. Considering the rebuttable presumption under section 292C, the Tribunal directed the deletion of the additions. Consequently, the appeal of the assessee was allowed, and the additions made by the AO and upheld by the CIT(A) were deleted. Case-Laws Income Tax Tue, 10 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432668