Unexplained money u/s. 69A and levied tax u/s. 115BBE - the ...
Assessee's Cash Deposits Explained, AO's Section 69A Classification Overturned, Section 115BBE Tax Imposition Challenged Successfully.
March 7, 2023
Case Laws Income Tax AT
Unexplained money u/s. 69A and levied tax u/s. 115BBE - the assessee has filed cash book explaining date wise receipts from various parties and deposited into bank account. AO is completely erred in making additions towards cash deposits into bank account as unexplained money u/s. 69A of the Act and levied tax u/s. 115BBE when the assessee has explained source for said cash deposits. - AT
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