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Income Tax - Highlights / Catch Notes

Home Highlights February 2023 Year 2023 This

Unexplained investment u/s 69 - In the present case before us ...


Assessee's Unexplained Cash Deposits Confirmed as Income u/s 69; Sale Consideration Received via Cheques.

February 4, 2023

Case Laws     Income Tax     AT

Unexplained investment u/s 69 - In the present case before us admittedly, whatever sale consideration the assessee has received they were received in cheques. But in addition to such receipt the assessee has also deposited cash - assessee never explained the source of such cash deposit in his bank accounts. - Additions confirmed - AT

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