Unexplained money u/s 69A - cash deposit in the Saving Bank ...

Unexplained Cash Deposits u/s 69A: Only Gross Profit Added to Income, Not Full Amount. Partial Relief Granted.

October 18, 2023

Case Laws Income Tax AT

Unexplained money u/s 69A - cash deposit in the Saving Bank Account - Since the assessee has not disclosed this bank account in the return of income, therefore, deposit in the saving bank account is considered as undisclosed turnover and GP rate on the said turnover would be added to the total income of the assessee instead of the entire deposit. - Partial relief granted - AT

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Unexplained money u/s 69A - cash deposit in the Saving Bank ...

Unexplained Cash Deposits u/s 69A: Only Gross Profit Added to Income, Not Full Amount. Partial Relief Granted.

October 18, 2023

Case Laws Income Tax AT

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