https://www.taxtmi.com/caselaws?id=434965 The Tribunal ruled in favor of the assessee, concluding that the cash deposits were adequately explained, particularly those related to the sale of agricultural land. The Tribunal found the explanations supported by documentation and bank statements, rejecting the AO's addition of Rs. 50,05,730 to the assessee's income. The appeal was allowed in favor of the assessee, emphasizing the credibility of the explanations provided and the lack of contrary evidence from the Revenue. en-us Tue, 21 Feb 2023 00:00:00 +0530 Mon, 18 Sep 2023 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434965 The Tribunal ruled in favor of the assessee, concluding that the cash deposits were adequately explained, particularly those related to the sale of agricultural land. The Tribunal found the explanations supported by documentation and bank statements, rejecting the AO's addition of Rs. 50,05,730 to the assessee's income. The appeal was allowed in favor of the assessee, emphasizing the credibility of the explanations provided and the lack of contrary evidence from the Revenue. Case-Laws Income Tax Tue, 21 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434965