Unexplained deposits in bank account - Amount deposited in the ...

Court Deletes Additions: Unexplained Bank Deposits Linked to Legitimate Sales of Stock in Trade, Not Questioned by Authorities.

April 14, 2023

Case Laws Income Tax AT

Unexplained deposits in bank account - Amount deposited in the bank account was out of sale of various items as held by the assessee as stock in trade and since the deposits in the bank account were out of sale of stock therefore the stock of the assessee has depleted and the cash has come in respect of stock, such sales had been disclosed in the trading account against the purchase which had not been doubted, neither the opening and closing stock had been doubted. - Additions deleted - AT

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Unexplained deposits in bank account - Amount deposited in the ...

Court Deletes Additions: Unexplained Bank Deposits Linked to Legitimate Sales of Stock in Trade, Not Questioned by Authorities.

April 14, 2023

Case Laws Income Tax AT

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