https://www.taxtmi.com/caselaws?id=434828 The Tribunal ruled in favor of the appellant in a tax assessment dispute for Assessment Year 2011-12. The appellant successfully demonstrated the legitimate source of cash deposits in bank accounts, leading to the partial allowance of the appeal. The Tribunal directed the Assessing Officer to delete the addition of Rs. 14,00,000 as unexplained cash credit under section 69A, highlighting the adequacy of evidence provided by the appellant to substantiate the transactions. en-us Thu, 02 Mar 2023 00:00:00 +0530 Fri, 03 Mar 2023 20:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434828 The Tribunal ruled in favor of the appellant in a tax assessment dispute for Assessment Year 2011-12. The appellant successfully demonstrated the legitimate source of cash deposits in bank accounts, leading to the partial allowance of the appeal. The Tribunal directed the Assessing Officer to delete the addition of Rs. 14,00,000 as unexplained cash credit under section 69A, highlighting the adequacy of evidence provided by the appellant to substantiate the transactions. Case-Laws Income Tax Thu, 02 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434828