https://www.taxtmi.com/caselaws?id=469005 Cash deposits treated as unexplained investment in a cooperative society's bank account required fresh verification because the society maintained regular books, balance sheets and related bank records, and the Tribunal found the material needed re-examination with proper opportunity to the assessee. The additions were therefore remanded rather than finally sustained. For a later assessment year, income from dealings with members of the cooperative society was held to be business income eligible for deduction under section 80P(2)(a)(i), and the disallowance was deleted. The assessee thus obtained partial relief on the cash-deposit issues and full relief on the section 80P claim. en-us Mon, 10 Feb 2025 00:00:00 +0530 Thu, 28 May 2026 18:57:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469005 Cash deposits treated as unexplained investment in a cooperative society's bank account required fresh verification because the society maintained regular books, balance sheets and related bank records, and the Tribunal found the material needed re-examination with proper opportunity to the assessee. The additions were therefore remanded rather than finally sustained. For a later assessment year, income from dealings with members of the cooperative society was held to be business income eligible for deduction under section 80P(2)(a)(i), and the disallowance was deleted. The assessee thus obtained partial relief on the cash-deposit issues and full relief on the section 80P claim. Case-Laws Income Tax Mon, 10 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469005