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2016 (2) TMI 693 - AT - Income TaxUndisclosed deposits in bank account - Held that:- From the order of the CIT(A) it appears that a sum of ₹ 10 lakhs was deposited in bank by Shri Subramanian and not by the assessee. When Shri Subramanian deposited the money and the bank account relates to all the family members, this Tribunal is unable to accept the contention of the ld. DR. Therefore, the CIT(A) has rightly deleted the addition made by the Assessing Officer. When the deposit of ₹ 10 lakhs cannot be added in the hands of the assessee, the interest accrued on such deposit of ₹ 4,81,953/- also cannot be taxed in the hands of the assessee. Therefore, this Tribunal do not find any reason to interfere with the order of the CIT(A) - Decided in favour of assessee
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