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Income Tax - Highlights / Catch Notes

Home Highlights November 2022 Year 2022 This

Unaccounted cash - On-money received - Merely finding the name ...


Court Rules Transaction Name in Excel Not Enough to Hold Taxpayer Liable for Unaccounted Cash.

November 10, 2022

Case Laws     Income Tax     AT

Unaccounted cash - On-money received - Merely finding the name of the transaction in the excel sheet during the search cannot held the assessee responsible for cash which was never tracked down by the Assessing Officer from assessee’s books of accounts. - AT

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