https://www.taxtmi.com/caselaws?id=778396 An addition for unexplained cash deposits in a foreign bank account cannot survive where bank records and confirmations show that part of the amount was wrongly treated as salary and the balance is supported by evidence of family cash receipts for travel-related expenses, particularly where no contrary material rebuts the documentary evidence and books of account were not required. The tax-credit claim for employer-paid tax, though reflected in Form 26AS and linked to disclosed relocation allowance and perquisites, was not fully verifiable on the appellate record and was therefore remanded to the Assessing Officer for limited verification after hearing the assessee. Relief was accordingly granted on the cash-deposit issue and only partial relief on the tax-credit issue. en-us Thu, 16 Jan 2025 00:00:00 +0530 Mon, 15 Sep 2025 10:11:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778396 An addition for unexplained cash deposits in a foreign bank account cannot survive where bank records and confirmations show that part of the amount was wrongly treated as salary and the balance is supported by evidence of family cash receipts for travel-related expenses, particularly where no contrary material rebuts the documentary evidence and books of account were not required. The tax-credit claim for employer-paid tax, though reflected in Form 26AS and linked to disclosed relocation allowance and perquisites, was not fully verifiable on the appellate record and was therefore remanded to the Assessing Officer for limited verification after hearing the assessee. Relief was accordingly granted on the cash-deposit issue and only partial relief on the tax-credit issue. Case-Laws Income Tax Thu, 16 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778396