https://www.taxtmi.com/caselaws?id=435369 The Tribunal allowed the appeal in favor of the assessee, deleting the addition sustained by the CIT(A). The Tribunal found the assessee's explanation for cash deposits reasonable, supported by adequate documentation, and noted the history of tax filings and income disclosure. It deemed the authorities' expectation of audited personal books unreasonable, ultimately ruling in favor of the assessee. en-us Mon, 31 Oct 2022 00:00:00 +0530 Sat, 18 Mar 2023 08:29:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435369 The Tribunal allowed the appeal in favor of the assessee, deleting the addition sustained by the CIT(A). The Tribunal found the assessee's explanation for cash deposits reasonable, supported by adequate documentation, and noted the history of tax filings and income disclosure. It deemed the authorities' expectation of audited personal books unreasonable, ultimately ruling in favor of the assessee. Case-Laws Income Tax Mon, 31 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435369