Unexplained investment - Apparently the withdrawals from the ...

Case Laws Income Tax

May 23, 2020

Unexplained investment - Apparently the withdrawals from the bank account is made for meeting the expenses and not for keeping the money at house. Hence, the explanation of the appellant that cash of ₹ 5 lakhs is deposited out of savings is not supported by any documentary evidence and against the preponderance of probability and deserves to be rejected.

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Unexplained investment - Apparently the withdrawals from the ...

Case Laws Income Tax

May 23, 2020

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