https://www.taxtmi.com/caselaws?id=761164 The Tribunal directed the AO to delete the additions of Rs. 7,20,000 and Rs. 7,80,000, thus allowing the assessee's appeal. It acknowledged the plausibility of past savings and inheritance, considering the assessee's age, joint family lifestyle, and business nature, despite the absence of account books. The voluntary disclosure under the PMGKY scheme significantly supported the assessee's explanations. en-us Mon, 30 Sep 2024 00:00:00 +0530 Wed, 06 Nov 2024 08:34:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761164 The Tribunal directed the AO to delete the additions of Rs. 7,20,000 and Rs. 7,80,000, thus allowing the assessee's appeal. It acknowledged the plausibility of past savings and inheritance, considering the assessee's age, joint family lifestyle, and business nature, despite the absence of account books. The voluntary disclosure under the PMGKY scheme significantly supported the assessee's explanations. Case-Laws Income Tax Mon, 30 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761164