Unexplained cash deposits in Bank account and undisclosed ...

Taxpayer's Savings Scrutinized: CIT(A) Questions Feasibility of Pharmacist's Savings Despite Long Government Service.

December 17, 2022

Case Laws Income Tax AT

Unexplained cash deposits in Bank account and undisclosed interest income - The Gift from wife was also explained by the assessee through bank statements. Regarding personal saving the CIT(A) doubted that the assessee could not save that much amount. But the assessee was working as pharmacist in Government Hospital since 1976 and received salary, therefore, personal saving of a government employee cannot be doubted for several years. - AT

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Unexplained cash deposits in Bank account and undisclosed ...

Taxpayer's Savings Scrutinized: CIT(A) Questions Feasibility of Pharmacist's Savings Despite Long Government Service.

December 17, 2022

Case Laws Income Tax AT

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