Unexplained cash deposits during demonetization period u/s 69A - ...

Taxpayer's Cash Deposits During Demonetization Justified by Sales Records; AO's Assumptions Overturned by CIT(A).

November 16, 2022

Case Laws Income Tax AT

Unexplained cash deposits during demonetization period u/s 69A - The cash deposited in the bank by the assessee during the demonetization period was out of the cash sales and the realization from the trade debtors duly shown in the book of accounts which were accepted by the A.O. - the additions made by the AO on the basis of surmises and conjectures was rightly deleted by the Ld. CIT(A). - AT

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Unexplained cash deposits during demonetization period u/s 69A - ...

Taxpayer's Cash Deposits During Demonetization Justified by Sales Records; AO's Assumptions Overturned by CIT(A).

November 16, 2022

Case Laws Income Tax AT

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