https://www.taxtmi.com/caselaws?id=444473 The Tribunal allowed the appeal filed by the assessee, overturning the addition of cash deposits as unexplained income under section 69A of the Income Tax Act, 1961. It emphasized the significance of entries in the assessee's books of accounts and noted the Assessing Officer's failure to substantiate the unexplained nature of the deposits. Consequently, the additions made by the Assessing Officer were deemed unlawful, and the appeal was decided in favor of the assessee. en-us Wed, 11 Oct 2023 00:00:00 +0530 Tue, 17 Oct 2023 08:38:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444473 The Tribunal allowed the appeal filed by the assessee, overturning the addition of cash deposits as unexplained income under section 69A of the Income Tax Act, 1961. It emphasized the significance of entries in the assessee's books of accounts and noted the Assessing Officer's failure to substantiate the unexplained nature of the deposits. Consequently, the additions made by the Assessing Officer were deemed unlawful, and the appeal was decided in favor of the assessee. Case-Laws Income Tax Wed, 11 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444473