Unexplained money u/s 69A read with 115BBE - acknowledge income/ ...

June 22, 2021

Case Laws Income Tax AT

Unexplained money u/s 69A read with 115BBE - acknowledge income/ notional income of House wife - cash deposit in bank during demonetization period - In the present case the assessee had given the explanation to the AO during the assessment proceedings and had submitted that the amount deposited in the bank, were her money saved by her in last many year’s and were kept by her, for herself and for the family in case of emergency need - Assessee had duly explained the source of deposit - Additions deleted - AT

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Unexplained money u/s 69A read with 115BBE - acknowledge income/ ...

June 22, 2021

Case Laws Income Tax AT

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