Taxability of the credits appearing in the bank account of the ...

Assessee Fails to Prove Source of Bank Credits; CIT(A) Rejects Explanations on Taxable Income from ICICI Account.

January 11, 2022

Case Laws Income Tax AT

Taxability of the credits appearing in the bank account of the assessee with ICICI Bank - before the ld. CIT(A) no confirmations from the parties from whom advance was received was filed and similarly the proof as to the existence of opening cash balance as well as cash withdrawn from bank was not filed - CIT(A) was justified in rejecting the explanation offered in support of the credits appearing in the bank account of the assessee - AT

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Taxability of the credits appearing in the bank account of the ...

Assessee Fails to Prove Source of Bank Credits; CIT(A) Rejects Explanations on Taxable Income from ICICI Account.

January 11, 2022

Case Laws Income Tax AT

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