Unexplained cash deposits - once the AO has examined the ...

Taxpayer Clears Obligation: No Extra Tax for Unexplained Deposits After AO Verifies Gift Identity and Source.

April 10, 2021

Case Laws Income Tax AT

Unexplained cash deposits - once the AO has examined the documents so produced by the assessee and recorded his satisfaction regarding the identity of the donors, the genuineness of the gift and the source of such gift, the assessee has discharged the necessary onus cast on her and no addition can be made in her hands. - AT

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Unexplained cash deposits - once the AO has examined the ...

Taxpayer Clears Obligation: No Extra Tax for Unexplained Deposits After AO Verifies Gift Identity and Source.

April 10, 2021

Case Laws Income Tax AT

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