Unexplained cash deposits into bank accounts during ...

Assessee's Explanation for Cash Deposits During Demonetization Accepted; No Additions Required Based on Business Scale Assessment.

April 8, 2023

Case Laws Income Tax AT

Unexplained cash deposits into bank accounts during demonetization period - If we consider the quantum of cash deposits into bank accounts of the assessee and the quantum of the business of the assessee, then the explanation of the assessee seems to be reasonable and deserves to be accepted. - No additions - AT

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Unexplained cash deposits into bank accounts during ...

Assessee's Explanation for Cash Deposits During Demonetization Accepted; No Additions Required Based on Business Scale Assessment.

April 8, 2023

Case Laws Income Tax AT

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