Unexplained cash deposits in bank account - The claim of the ...

Unexplained Cash Deposits Deemed Illogical, Tax Authorities Confirm Income Additions Due to Lack of Evidence.

November 25, 2023

Case Laws Income Tax AT

Unexplained cash deposits in bank account - The claim of the assessee remained as a bald claim only followed by no evidence. Why the depositors will deposit their funds in an account of other person for increasing the deposits of a bank. The depositors can make deposit in their names by themselves. There is no necessity to increase the bank deposit by depositing funds in other’s bank account. - Additions confirmed - AT

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Unexplained cash deposits in bank account - The claim of the ...

Unexplained Cash Deposits Deemed Illogical, Tax Authorities Confirm Income Additions Due to Lack of Evidence.

November 25, 2023

Case Laws Income Tax AT

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