https://www.taxtmi.com/caselaws?id=778353 Where an assessee had already received the benefit of section 50C and did not challenge the DVO valuation, the third proviso to section 56(2)(vii)(b) was treated as unavailable for further relief, and the property-related addition was sustained. On the cash-deposit issue, the assessee filed additional material to explain deposits as linked to purchases for friends and relatives and commission activity; because the record remained incomplete and the new evidence required factual verification, the matter was remanded to the Assessing Officer for examination in accordance with law. The appeal therefore succeeded only to the limited extent of remand on the cash-deposit addition. en-us Thu, 04 Sep 2025 00:00:00 +0530 Mon, 15 Sep 2025 08:26:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778353 Where an assessee had already received the benefit of section 50C and did not challenge the DVO valuation, the third proviso to section 56(2)(vii)(b) was treated as unavailable for further relief, and the property-related addition was sustained. On the cash-deposit issue, the assessee filed additional material to explain deposits as linked to purchases for friends and relatives and commission activity; because the record remained incomplete and the new evidence required factual verification, the matter was remanded to the Assessing Officer for examination in accordance with law. The appeal therefore succeeded only to the limited extent of remand on the cash-deposit addition. Case-Laws Income Tax Thu, 04 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778353