https://www.taxtmi.com/caselaws?id=468439 Bank deposits and credit entries were examined under section 68 on the basis of the assessee's explanations and supporting material. The sources claimed included salary savings, loan receipts, fixed deposit maturity proceeds, redeposits of earlier withdrawals, and funds received through a brother; the appellate record also noted that the assessee's wife was an earning member. The Tribunal found that the material on record justified further relief, accepted the additional explanation and evidence for part of the deposits, and held that remand to the Assessing Officer was unnecessary. The sustained addition was therefore reduced, with only a balance amount kept as unexplained. en-us Tue, 02 Aug 2011 00:00:00 +0530 Wed, 06 May 2026 15:05:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468439 Bank deposits and credit entries were examined under section 68 on the basis of the assessee's explanations and supporting material. The sources claimed included salary savings, loan receipts, fixed deposit maturity proceeds, redeposits of earlier withdrawals, and funds received through a brother; the appellate record also noted that the assessee's wife was an earning member. The Tribunal found that the material on record justified further relief, accepted the additional explanation and evidence for part of the deposits, and held that remand to the Assessing Officer was unnecessary. The sustained addition was therefore reduced, with only a balance amount kept as unexplained. Case-Laws Income Tax Tue, 02 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468439