Unexplained Investment u/s 69 as taxed u/s 115BBE - It was not ...

Court Rules in Favor of Taxpayer: Prior Withdrawals Explain Cash Deposits u/ss 69 and 115BBE, No Evidence to Dispute Claim.

May 16, 2022

Case Laws Income Tax AT

Unexplained Investment u/s 69 as taxed u/s 115BBE - It was not the case of the AO that cash withdrawal from bank account on earlier occasion had been spent by the assessee or used for some other purposes. In absence of any finding contrary to explanation of the assessee that cash deposits into bank account is out of withdrawal from earlier occasion cannot be disregarded.- AT

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Unexplained Investment u/s 69 as taxed u/s 115BBE - It was not ...

Court Rules in Favor of Taxpayer: Prior Withdrawals Explain Cash Deposits u/ss 69 and 115BBE, No Evidence to Dispute Claim.

May 16, 2022

Case Laws Income Tax AT

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