Unexplained cash deposits in bank - receipt of rental deposits ...

Case Laws Income Tax

May 17, 2022

Unexplained cash deposits in bank - receipt of rental deposits in cash - The fact remains that the cash rental deposits have been received by the assessee which is not at all disputed and usage of the same for deposits into various bank accounts cannot be rejected outrightly. Considering all the cash deposit into various bank accounts made by the assessee on various dates should be reasonably presumed that it is from the cash rental deposits received by the assessee on various dates. - AT

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Unexplained cash deposits in bank - receipt of rental deposits ...

Case Laws Income Tax

May 17, 2022

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