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2012 (7) TMI 267 - ITAT CHANDIGARHAdditions on account of Gift - Held that:- Considering affidavits filed by the donors, the assessee has discharged the onus cast on him., but the revenue has failed to bring relevant material on record to dislodge the deposition made in the affidavits - decided in favour of assessee. Addition on account of cash deposits made with bank - Held that:- The assessee has withdrawn money from bank account, where his business receipts were credited and deposited in another bank account. There is small gap of time in the withdrawal and deposits of such amounts, thus,containing withdrawal and deposits of amounts from the relevant bank accounts, it is evident that no findings can be sustained on the ground of gap of one month, between withdrawal and deposit in such transactions - decided in favour of assessee.
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