https://www.taxtmi.com/caselaws?id=435225 The Tribunal allowed the appeal, directing the Assessing Officer to delete the addition made under Section 69A of the Income Tax Act. The Tribunal found that the assessee adequately explained the source of cash deposits through documented evidence, including income tax returns and financial statements. Emphasizing that income from earlier years cannot be taxed again to prevent double taxation, the Tribunal ruled in favor of the assessee, overturning the AO's decision. en-us Mon, 13 Mar 2023 00:00:00 +0530 Tue, 14 Mar 2023 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435225 The Tribunal allowed the appeal, directing the Assessing Officer to delete the addition made under Section 69A of the Income Tax Act. The Tribunal found that the assessee adequately explained the source of cash deposits through documented evidence, including income tax returns and financial statements. Emphasizing that income from earlier years cannot be taxed again to prevent double taxation, the Tribunal ruled in favor of the assessee, overturning the AO's decision. Case-Laws Income Tax Mon, 13 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435225