https://www.taxtmi.com/caselaws?id=434827 The tribunal partially allowed the appeal, directing the AO to delete the addition of Rs. 7,00,000. It emphasized the importance of specifying the precise legal basis for additions and providing a clear explanation for cash deposits. The tribunal found that the assessee adequately accounted for the cash deposits from various income sources and transactions, leading to the conclusion that the addition was not justified under section 115BBE. en-us Thu, 02 Mar 2023 00:00:00 +0530 Sat, 04 Mar 2023 07:28:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434827 The tribunal partially allowed the appeal, directing the AO to delete the addition of Rs. 7,00,000. It emphasized the importance of specifying the precise legal basis for additions and providing a clear explanation for cash deposits. The tribunal found that the assessee adequately accounted for the cash deposits from various income sources and transactions, leading to the conclusion that the addition was not justified under section 115BBE. Case-Laws Income Tax Thu, 02 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434827