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Income Tax - Highlights / Catch Notes

Home Highlights September 2024 Year 2024 This

Cash deposits in bank account unexplained - assessee failed to ...


Tax on unexplained cash deposits; income sources unproven.

Case Laws     Income Tax

September 19, 2024

Cash deposits in bank account unexplained - assessee failed to substantiate source for deficit amount - reasons recorded for reopening assessment valid - addition partly upheld to extent of unexplained cash deficit - appeal partly allowed.

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