https://www.taxtmi.com/caselaws?id=440001 The Appellate Tribunal allowed the assessee's appeal, deleting the addition made by the Assessing Officer under section 69 of the Income-tax Act. The Tribunal found the explanation provided by the assessee's representative regarding the cash deposits satisfactory, considering the medical exigencies faced by the assessee due to the Bhopal Gas Tragedy. The Tribunal accepted that the withdrawals and re-deposits were interconnected and related to genuine medical emergencies, concluding that no addition on account of unexplained cash deposits was warranted. en-us Fri, 23 Jun 2023 00:00:00 +0530 Fri, 07 Jul 2023 11:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440001 The Appellate Tribunal allowed the assessee's appeal, deleting the addition made by the Assessing Officer under section 69 of the Income-tax Act. The Tribunal found the explanation provided by the assessee's representative regarding the cash deposits satisfactory, considering the medical exigencies faced by the assessee due to the Bhopal Gas Tragedy. The Tribunal accepted that the withdrawals and re-deposits were interconnected and related to genuine medical emergencies, concluding that no addition on account of unexplained cash deposits was warranted. Case-Laws Income Tax Fri, 23 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440001