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Income Tax - Highlights / Catch Notes

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Unexplained income u/s 69A - undisclosed cash deposit in bank ...

Income Tax

May 31, 2021

Unexplained income u/s 69A - undisclosed cash deposit in bank a/c - Department had also accepted the generation and availability of cash because of agricultural income for the year under consideration, therefore, there was no reason for ignoring the availability of cash with the assessee due to accumulative/past savings of the preceding years - Additions deleted - AT

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