Addition u/s 69A - Unexplained cash deposits in bank account - ...

Case Laws Income Tax

February 8, 2022

Addition u/s 69A - Unexplained cash deposits in bank account - If the assessee had no source of income apart from rental or pension income and some interest amount and same income earned regularly has been withdrawn regularly leaving very less cash in the bank account, that shows the pattern that the assessee was indeed in the habit of keeping the money in the form of cash probably looking the old age and various ailments as explained by him - explanation of the assessee to be reasonable and plausible and preponderance of probability is in the favour of the assessee - AT

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Addition u/s 69A - Unexplained cash deposits in bank account - ...

Case Laws Income Tax

February 8, 2022

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