Cash deposit into bank - No requirement under the law that ...

Assessees can retain sale proceeds for personal use without full deposit; no additions u/s 69A IT Act.

April 18, 2016

Case Laws Income Tax AT

Cash deposit into bank - No requirement under the law that assessee has to deposit the entire sale consideration into his bank account immediately. The assessee may retain some amount for his personal or business needs - No Addition u/s 69A - AT

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Cash deposit into bank - No requirement under the law that ...

Assessees can retain sale proceeds for personal use without full deposit; no additions u/s 69A IT Act.

April 18, 2016

Case Laws Income Tax AT

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