Addition on account of cash deposited in bank - AO cannot on one ...

Assessing Officer Can't Count Total Bank Deposits as Income Without Considering Withdrawals: Turnover Exceeds Deposits.

June 14, 2017

Case Laws Income Tax AT

Addition on account of cash deposited in bank - AO cannot on one hand take all the deposits as income of the assessee without giving the benefit of withdrawal. The turnover shown by assessee is exceeding the total amount of deposit made in his bank account - no additions - AT

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Addition on account of cash deposited in bank - AO cannot on one ...

Assessing Officer Can't Count Total Bank Deposits as Income Without Considering Withdrawals: Turnover Exceeds Deposits.

June 14, 2017

Case Laws Income Tax AT

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