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Income Tax - Highlights / Catch Notes

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Unexplained money u/s. 69A and levied tax u/s. 115BBE - the ...

Income Tax

March 7, 2023

Unexplained money u/s. 69A and levied tax u/s. 115BBE - the assessee has filed cash book explaining date wise receipts from various parties and deposited into bank account. AO is completely erred in making additions towards cash deposits into bank account as unexplained money u/s. 69A of the Act and levied tax u/s. 115BBE when the assessee has explained source for said cash deposits. - AT

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