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Income Tax - Highlights / Catch Notes

Home Highlights April 2023 Year 2023 This

Addition u/s 69A - cash deposit in the bank account - entire ...

Case Laws     Income Tax

April 19, 2023

Addition u/s 69A - cash deposit in the bank account - entire amount of withdrawal was re-deposited - This conduct is a normal conduct of a man ordinary prudent which cannot be doubted unless revenue authorities bring on record positive or adverse material to establish that the amount withdrawn by the assessee from his bank account was utilised or deposited somewhere else - AT

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