Unexplained money - proof of source cash deposited in bank ...

Tribunal Rules in Favor of Assessee: Deletes Addition Due to Lack of Proof on Source of Cash Deposits in Bank Account.

February 23, 2024

Case Laws Income Tax AT

Unexplained money - proof of source cash deposited in bank account - proof of cash on hand - the Tribunal noted a lack of clear reasoning in rejecting the assessee's claim, especially regarding the business transactions in cash. Consequently, the Tribunal deleted the impugned addition.

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Unexplained money - proof of source cash deposited in bank ...

Tribunal Rules in Favor of Assessee: Deletes Addition Due to Lack of Proof on Source of Cash Deposits in Bank Account.

February 23, 2024

Case Laws Income Tax AT

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