https://www.taxtmi.com/caselaws?id=755058 ITAT Ahmedabad set aside additions made under section 69 for unexplained cash deposits and share capital receipts. The assessee company received unsecured loans from director's father, who claimed agricultural income as source. Lower authorities failed to consider confirmations, bank statements, and other evidence filed by assessee. Regarding cash deposits claimed as seed sales, assessee provided ledger accounts but lacked conclusive proof of trading business. CIT(A) violated Rule 46A by not calling remand report on additional evidence. Matter remanded to AO for de-novo assessment with directions to admit all evidence and provide proper opportunity to assessee. en-us Tue, 02 Jul 2024 00:00:00 +0530 Mon, 09 Jun 2025 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755058 ITAT Ahmedabad set aside additions made under section 69 for unexplained cash deposits and share capital receipts. The assessee company received unsecured loans from director's father, who claimed agricultural income as source. Lower authorities failed to consider confirmations, bank statements, and other evidence filed by assessee. Regarding cash deposits claimed as seed sales, assessee provided ledger accounts but lacked conclusive proof of trading business. CIT(A) violated Rule 46A by not calling remand report on additional evidence. Matter remanded to AO for de-novo assessment with directions to admit all evidence and provide proper opportunity to assessee. Case-Laws Income Tax Tue, 02 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755058