https://www.taxtmi.com/caselaws?id=445842 The ITAT Jaipur allowed the assessee's appeal for statistical purposes in a case involving unexplained deposits under Section 69A of the Income Tax Act, 1961. The AO had treated unexplained credit entries in the assessee's bank accounts as undisclosed income, which was confirmed by the CIT(A). However, the ITAT found merit in the assessee's contention that the addition should be made in the hands of the actual owner of the money rather than the account holder. The matter was remanded to the AO for fresh assessment with adequate opportunity for the assessee to be heard and submit necessary details. en-us Fri, 11 Aug 2023 00:00:00 +0530 Tue, 21 Nov 2023 08:32:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445842 The ITAT Jaipur allowed the assessee's appeal for statistical purposes in a case involving unexplained deposits under Section 69A of the Income Tax Act, 1961. The AO had treated unexplained credit entries in the assessee's bank accounts as undisclosed income, which was confirmed by the CIT(A). However, the ITAT found merit in the assessee's contention that the addition should be made in the hands of the actual owner of the money rather than the account holder. The matter was remanded to the AO for fresh assessment with adequate opportunity for the assessee to be heard and submit necessary details. Case-Laws Income Tax Fri, 11 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445842