https://www.taxtmi.com/caselaws?id=776562 The ITAT Hyderabad set aside the orders of the CIT(A) for AY 2013-14 and 2014-15, directing fresh adjudication regarding additions under section 68, as the CIT(A) failed to consider the assessee's explanations and submissions about the source of bank deposits. Consequently, the penalty orders under section 271(1)(c) imposed by the AO were also set aside for reconsideration by the CIT(A) in light of the fresh adjudication on the quantum appeals. en-us Fri, 18 Jul 2025 00:00:00 +0530 Wed, 13 Aug 2025 07:27:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776562 The ITAT Hyderabad set aside the orders of the CIT(A) for AY 2013-14 and 2014-15, directing fresh adjudication regarding additions under section 68, as the CIT(A) failed to consider the assessee's explanations and submissions about the source of bank deposits. Consequently, the penalty orders under section 271(1)(c) imposed by the AO were also set aside for reconsideration by the CIT(A) in light of the fresh adjudication on the quantum appeals. Case-Laws Income Tax Fri, 18 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776562