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Income Tax - Highlights / Catch Notes

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Unexplained money u/s. 69A - cash deposit made by the assessee ...

Income Tax

August 2, 2022

Unexplained money u/s. 69A - cash deposit made by the assessee during the demonetization period i.e. from 09.11.2016 to 30.12.2016 - mere possibility of assessee earning considerable amount out of cash sales on the date of announcement of demonetization - The guess work adopted by AO in arriving at probable sales value - CIT(A) rightly deleted the additions - AT

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