https://www.taxtmi.com/caselaws?id=751974 The Tribunal allowed the appellant's appeal, overturning the Assessment Order and the CIT (A)'s decision. It concluded that the appellant's explanation of cash deposits, sourced from prior withdrawals by the appellant and her late husband, was credible. The Tribunal determined that the revenue failed to meet its burden of proof to disprove the appellant's claims, lacking evidence to show the funds were unavailable or used personally. en-us Thu, 25 Apr 2024 00:00:00 +0530 Tue, 30 Apr 2024 14:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751974 The Tribunal allowed the appellant's appeal, overturning the Assessment Order and the CIT (A)'s decision. It concluded that the appellant's explanation of cash deposits, sourced from prior withdrawals by the appellant and her late husband, was credible. The Tribunal determined that the revenue failed to meet its burden of proof to disprove the appellant's claims, lacking evidence to show the funds were unavailable or used personally. Case-Laws Income Tax Thu, 25 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751974