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Income Tax - Highlights / Catch Notes

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Assessment u/s 153A - Addition of cash deposits in bank account ...


Tribunal Rules Cash Deposits and Interest Additions Unsustainable Due to Lack of Incriminating Evidence in Search.

February 24, 2024

Case Laws     Income Tax     AT

Assessment u/s 153A - Addition of cash deposits in bank account and savings bank account interest - The ITAT held that the additions related to cash deposits and savings bank interest were unsustainable as there was no incriminating material found during the search.

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