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Income Tax - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

Undisclosed deposits - in the absence of any other source of ...


Tax Authority Rules Bank Deposits Not Unexplained Income Without Identifiable Source Evidence Under Income Tax Act.

December 16, 2014

Case Laws     Income Tax     AT

Undisclosed deposits - in the absence of any other source of income, the CIT(A) was justified in holding that the entire amount of deposit in the bank account could not be treated as unexplained - AT

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