Addition on the basis of the crediting of cash in the bank ...

Court Accepts Assessee's Explanation for Cash Deposit as Sale Proceeds and Cash on Hand, Validating Transaction Legitimacy.

February 5, 2020

Case Laws Income Tax AT

Addition on the basis of the crediting of cash in the bank account - assessee having deposited the amount out of the sale proceeds of the closing stock held by him and out of cash in hand - the explanation of the assessee regarding this deposit of cash was correct.

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Addition on the basis of the crediting of cash in the bank ...

Court Accepts Assessee's Explanation for Cash Deposit as Sale Proceeds and Cash on Hand, Validating Transaction Legitimacy.

February 5, 2020

Case Laws Income Tax AT

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