Unexplained Money u/s 69A r.w.s. 115BBE - Cash withdrawal from ...

Case Laws Income Tax

January 17, 2024

Unexplained Money u/s 69A r.w.s. 115BBE - Cash withdrawal from the firm as partner of the firm - along with confirmation letter given by the firm, assessee has also shown the financials of the firm wherein the capital account of the firm was debited by Rs. 5 lakhs. In view of the explanation given by the assessee, objection raised by the Assessing Officer and ld.CIT(A) in this regard are duly answered, so assessee had proved identity, creditworthiness and source of cash deposit. - No addition on this account - AT

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Unexplained Money u/s 69A r.w.s. 115BBE - Cash withdrawal from ...

Case Laws Income Tax

January 17, 2024

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