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Income Tax - Highlights / Catch Notes

Home Highlights June 2013 Year 2013 This

Unexplained deposits - the amount was repaid by the assessee ...


Assessee's repayment of unexplained deposits accepted; no issue with CIT (A)'s order due to creditor's creditworthiness.

June 27, 2013

Case Laws     Income Tax     AT

Unexplained deposits - the amount was repaid by the assessee through cheque. - there being no doubt with regard to creditworthiness, the creditor being an Income-tax assessee, there is no infirmity in the order of the CIT (A) - AT

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