https://www.taxtmi.com/caselaws?id=463400 ITAT allowed the assessee's appeal for statistical purposes, directing the AO to verify and, if warranted, grant further telescoping of unexplained assets against cash withdrawn from the partner-firm (firm cash shown ~Rs.6.64 lakh; AO had earlier allowed telescoping of Rs.4,51,500). The Tribunal upheld the CIT(A)'s deletion of the Revenue's addition and dismissed the Revenue's appeal, finding the CIT(A) correctly gave telescoping relief by allowing disclosed cash of Rs.1.83 lakh against unexplained assets and sustaining only Rs.17,000 addition (thereby rejecting the claimed addition of ~Rs.3.11 lakh). en-us Tue, 02 Mar 2010 00:00:00 +0530 Sat, 30 Aug 2025 11:55:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463400 ITAT allowed the assessee's appeal for statistical purposes, directing the AO to verify and, if warranted, grant further telescoping of unexplained assets against cash withdrawn from the partner-firm (firm cash shown ~Rs.6.64 lakh; AO had earlier allowed telescoping of Rs.4,51,500). The Tribunal upheld the CIT(A)'s deletion of the Revenue's addition and dismissed the Revenue's appeal, finding the CIT(A) correctly gave telescoping relief by allowing disclosed cash of Rs.1.83 lakh against unexplained assets and sustaining only Rs.17,000 addition (thereby rejecting the claimed addition of ~Rs.3.11 lakh). Case-Laws Income Tax Tue, 02 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463400